A company has an account payable to a U.S. company, a supplier of inventory, in the amount of US$210,000. The payable was incurred when the exchange rate was US$1 = Cdn $0.78. At year-end, the rate is $0.75. 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 loss