T-Accounts and Foreign Purchases and Sales. MARKAR Tools, Inc., a U.S. corporation, is a well-known importer/exporter of industrial tools, equipment, and supplies. The following transactions occurred during June:

June 3 Purchased power tools on account from a Japanese wholesaler at an invoice price of \(¥ 1,400,000\). The exchange rate for yen was \(\$ 0.0092\).

5 Sold supplies on credit to Machwerke, a German company, invoiced in dollars for \(\$ 2,800\). The exchange rate for German marks was \(\$ 0.6634\).

9 Sold hand tools on crecit to Dodds Retailers in New Zealand, invoiced in New Zealand dollars for \(\mathrm{N} Z \$ 14,200\). The exchange rate for New Zealand dollars was \(\$ 0.676\).

11 Purchased electric drills on account from a manufacturer in Belgium. The billing was for BF746,270. The exchange rate for Belgium francs was \(\$ 0.0268\).

16 Paid \(¥ 900,000\) yen on account to the Japanese wholesaler for the purchase on June 3. The exchange rate for yen was \(\$ 0.0097\).

18 Settled the accounts payable with the Belgium manufacturer. The exchange rate for Belgium francs was \(\$ 0.0284\).

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Show any exchange gains and losses relating to these transactions.