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23 Rabuto Corporation acquired merchandise on account from a foreign supplier . 2015, for 60,000 LCU (local currency units). It paid the foreign currency a

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23 Rabuto Corporation acquired merchandise on account from a foreign supplier . 2015, for 60,000 LCU (local currency units). It paid the foreign currency a on Novembe account payable on January 15, 2016.The following exchange rates for I LCU are known: November 1, 2015 December 31, 2015 January 15, 2016 $0.345 0.333 0.359 a How does the fluctuation in exchange rates affect Rabato's 2015 income sta h How does the fluctuation in exchange rates affect Rabato's 2016 income statement

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