22 Marks Question Four On August , 2012, Darling Company negotiated a two-year loan of 300,000, franc Thom a foreign bank at an interest rate of 3 percent per year. Interest payments are made nnually on August 31, and the principal will be repaid on August 31, 2014, Darling epares U.S, dollars financial statements and has a December 31 year-end. Exchange s as follow Exchange Rate DateExchange Rate Franc 1-S0.50 December 31, 2013 Franc 1 0.58 Date 31, 2012 12 Franc0.52 August 31, 2014 F Franc 1 $0.60 December 31, 2014 Franc 1 -0.54 Franc 1-$0.53 required entries to record this two-year loan during 2012, 2013 and 2014