ABC Group ABC Group is a New Zealand owned company and includes a wholly-owned subsidiary of XYZ. The following are some major transactions that occurred during the financial year 01.01.2019 to 31.12.2019. Record below transactions correctly. Transaction 1: On 1 January 2019, ABC raises US$ 825,000. The loan was paid in full in three months on the 31st March 2019. Interest payments were made monthly based on 8% p.a. on the principal of US$ 825,000 at the end of each month. Relevant exchange rates are: $NZ1.00 = US$ 1 Jan 2019 0.59 31 Jan 2019 0.62 28 Feb 2019 0.65 31 March 2019 0.71 Required: Record the journal entries (including narrations) relating to the loan and interest payments for the three months 1 January 2019 to 31 March 2019