C- The following import and export transactions relate to Nour Corporation (a U.S. company) and its unaffiliated Mexican companies: November 11, 2019 Purchased inventory for 150,000 pesos on account. Invoice denominated in pesos. November 30, 2019 Sold 60% of inventory acquired on 11/11/19 for 120.000 pesos on account. Invoice denominated in pesos. January 5, 2020 January 15, 2020 Acquired and paid the 150,000 pesos owed to the Mexican supplier. Collected the 120,000 pesos from the Mexican customer and immediately converted them into U.S. dollars. The following exchange rates apply: Date Rate November 11 $.11 = 1 peso November 30 $.12 = 1 peso December 31 $.13 = 1 peso January 5 $.14 = 1 peso January 15 $.15 = 1 peso Required: 1) Prepare the required journal entries at Nour Corporation to record the previous transactions. 2) Calculate the amounts that should appear in the financial statements of Nour company for the year ended December 31, 2019, for the following items: a) Sales b) Cost of goods Sold c) Accounts Payable d) Inventory at 31/12/2019. (12 Marks)