A company has an account payable to a US company, a supplier of inventory, in the amount of US$235,000. The payable was incurred when the exchange rate was US$1 Cdn$0.76. At year-end, the rate is $0.73. Required: 1. What amount of inventory is recorded? Amount of inventory 2. What amount of exchange gain or loss will the company report for the year? Amount of exchange gain or lots Help Save & Exit Sub