5 1) Selce a US Company, Imports and Exports tools, shop equipment, and industrial constructions supplies. The company uses a periodic inventory system. During April the company entered into the following transactions. All rate quotations are direct exchange rates April 3 Purchased power tools from a wholesales in Japan, on account, at an invoice cost of 1,600,000 yen. On this date the exchange rate for the yen was $0.0072 April 5 Sold hand tools on credit that were manufactured in the US to a retail outlet located in West Germany. The invoice price was $2,800. The exchange rate for marks was $0.5829 April 9 Sold electric drills on account to a retailer in New Zealand. The invoice price was 16,800 US dollars and the exchange rate for the New Zealand dollar was $0.576. April 11 Purchased drill bits on account from a manufacturer located in Belgium. The billing was for 801.282 francs. The exchange rate for francs was $0.0312. April 16 Paid 1,000,000 yen on account to the wholesaler for purchases made on April 3. The exchange rate on this date was $0.0067 April 18 Settled the accounts payable with the Belgium manufacturer. The exchange rate was $ 0.368 Required Prepare Journal entries on the books of Selce to record the transactions listed above