A B C D G H K 1 On December 1, 2019, Pinoy Inc. exported on account Filipino products to an American company at a price of $ 1,000 collectible on January 31, 2020. 2 Pinoy Inc. operates in the Philippine territory wherein the functional currency is Philippine Peso. The said exposed item is presented in the December 31, 2019 3 statement of Financial Position of Pinoy, Inc. at P40,000. 5 For the years ended December 31, 2019 and 2020, Pinoy Inc. recognized foreign currency gain/(loss) of (P4,000) and 2,000, respectively, in connection with this 6 foreign currency denominated export transaction. 8 In the statement of comprehensive income of Pinoy, Inc. for the year ended December 31, 2017, how much shall sales be presented as a result of this foreign g currency denominated export transaction? 10 11 12