3) On November 1, 2010, the Yankee Corporation, a US corporation, purchased and received an e xtruding machine from Wales Corporation, a UK company. The purchase price was $10,000(U.S dollars) and Yankee agreed to pay in pounds on February 1, 2011. Both corporations are on a ca lendar year accounting period. Assume that the spot rates for the British pound on November 1, 2 010 December 31, 2010, and February 1, 2011, are $1.60, $1.62, and $1.66, respectively, Required: Record the November 1, December 31, and February transactions in the General Journals of Ya nkee Corporation and Wales Corporation. If no entry is required on a particular date, indicate