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1. Sigmund Corp has a FC 10,000 Accounts Receivable on both January 1, 2022 and March 31, 2022. The following exchange rates were in effect

1. Sigmund Corp has a FC 10,000 Accounts Receivable on both January 1, 2022 and March 31, 2022. The following exchange rates were in effect on those dates: January 1, 2022: 1FC = $.80 March 31, 2022: 1FC= $.60 What is the amount of FX gain or loss for the 3 months ended March 31, 2022. Your answer should be a $ amount, followed by the words FX Gain or FX Loss. Answer Journal Entry: Dr. Cr. 8:07 PM

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