ABC Inc. borrowed US $10,000,000 on January 1,2017 at an annual rate of 8%. The Ioan is due December 31,2020 and interest is payable annually each December 31. The exchange rates on selected dates throughout the life of the loan are shown below: Assume that the average annual exchange rate was equal to the December 31st spot rates. The journal entries for 2017 interest expense was: Assume that the average annual exchange rate was equal to the December 31s spot rates. The journal entries for 2017 interest expense was