Can someone answer this question throughly showing all the calculations. Thanks

imico made sales to a customer in India and recorded Accounts On December 1, 20x1 Pimlico made sales to a customer in India and recorded Accounts Receivable of 10,000,000 rupees. The customer has until March 1, 20x2 to pay. On December 1, 20x1, Pimlico paid $500 for a put option to sell rupees at a strike price of $2.30 per 100 rupees on March 1, 20x2, which was the spot rate on December 1, 20x1. On December 31, 20x1, the spot rate was $2.80 per 100 rupees and the option premium was $0.004 per 100 rupees. Answer the following. Show supporting calculations in good accounting form. 1. What is the fair value of the option on December 1, 20x1? 2. What is the fair value of the option on December 31, 20x1? 3. What is the foreign currency exchange gain or loss on December 31, 20x1? 4. If the spot rate on March 1, 20x2 was $2.45 per 100 rupees, what is the foreign currency exchange gain or loss that should be recorded that day