Acme Corporation (a U.S. company located in Sarasota, Florida) has the following import/export transactions in 2015:

March 1	Bought inventory costing 56,000 pesos on credit.
May 1	Sold 80 percent of the inventory for 51,000 pesos on credit.
August 1	Collected 43,000 pesos from customers.
September 1	Paid 33,000 pesos to creditors.

Currency exchange rates for 1 peso for 2015 are as follows:

March 1	$	0.15
May 1		0.16
August 1		0.17
September 1		0.18
December 31		0.19

Assume that all receipts were converted into dollars as soon as they were received.

For each of the following accounts, how much will Acme report on its 2015 financial statements?

a. Inventory b. Cost of goods sold c. Sales d. Accounts receivable e. Accounts payable f. Cash