10. On March 1, Laton Products (a U.S. firm) purchased manufacturing inputs from a Mexican supplier for 20,000 pesos, payable on June 1. The exchange rate for pesos on March 1 was $0.17. If the exchange rate increases to $0.19 on June 1, what amount of gain or loss would be reported by Laton related to the currency exchange? a $400 gain b. $200 loss. c. $400 loss. d. $200 gain. 11. On January 1, a German company purchased merchandise from a U.S. firm for $50,000, payable on March 1. The exchange rate for the euro on January 1 was $1.10. If the exchange rate increases to $1.12 on March 1, what amount of gain or loss would the U.S. firm report related to currency fluctuations