Question: Please answer with detailed calculations and good formatting and make sure the answer is 100% correct, else leave it for the other tutor to answer.
Please answer with detailed calculations and good formatting and make sure the answer is 100% correct, else leave it for the other tutor to answer. Otherwise i will downvote the answer and report it for uprofessionalism for sure. Please don't use AI or Chat GPT also make sure there is no plagiari.sm.

A U.S. company owns an 80% interest in a company located on Mars. Martian currency is called the Martian Credit. During the year the parent company sold inventory that had cost $23,900 to the subsidiary on account for $29,900 when the exchange rate was $05192. The subsidiary still held one-hallc of the inventory and had not paid the parent company for the purchase at the end of the scal period. The unsettled account is denominated in dollars. The exchange rate at the scal year-end was $04994. {61) Assuming that the transaction had been denominated in 47,302 Martian Credits rather than dollars, compute the transaction gain or loss that would be reported by the parent company. [Round answers to O decimalplaces. 8.3. 5,125.) Transaction ' v ' $
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