A U.S. company takes delivery of merchandise costing 200,000 on October 19, 2020. The company pays for the merchandise, in pounds sterling, on February 19, 2021. It sells the merchandise later in 2021. The U.S. company has a December 31 year-end and reports its financial statements in US$. Spot rates (US$/) are as follows:

	Spot Rate
October 19, 2020	1.385
December 31, 2020	1.387
February 19, 2021	1.400
December 31, 2021	1.423

Required: compute the amounts below (enter numbers ONLY, do NOT use currency symbols, commas or alpha-characters)

a. 2020 gain or loss on accounts payable (if loss, precede with a minus sign):

b. 2021 gain or loss on accounts payable (if loss, precede with a minus sign):

c. 2021 cost of goods sold (enter as a positive number):

d. Accounts payable balance in $ at December 31, 2020 (enter as a positive number):

e. Accounts payable balance in $ at February 19, 2021 immediately prior to payment (enter as a positive number)