2. Dec 1, 20X8, Topica, a U.K Company, makes a sale and ships goods to Eximco, a U.S company. Sales price is 20,000 USD. Eximco agrees to pay in USD by bank transfer on Mar 1, 20X9 Spot rate as of Dec 1, 20X8 is 1,3$ per Spot rate as of Dec 31, 20X8 is 1,32$ per Spot rate as of Mar 1, 20X9 is 1,29$ per Topica has a December 31 year end. Required: 1. How does Topica record the sale (in ) on Dec 1, 20X8? 2. How does Topica record the foreign Exchange gain/loss on Dec 31, 20X8 and on Mar 1, 20X9?