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cant figure out final solution. how do you figure out . impact on 2017 income? Credit No 1 Date Date 12/01/2017 General Journal Cost of

cant figure out final solution. how do you figure out . impact on 2017 income?
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Credit No 1 Date Date 12/01/2017 General Journal Cost of goods sold Accounts payable (K) Debit 59,500.00 59,500.00 2 12/01/2017 No journal entry required P 3 12/31/2017 1,700.00 Foreign exchange loss Accounts payable (K) 1,700.00 12/31/2017 No journal entry required 5 12/31/2017 2,083.14 Forward contract Gain on forward contract 2,083.14 12/31/2017 No journal entry required 7 03/01/2018 2,550.00 Foreign exchange loss Accounts payable (K) 2,550.00 8 03/01/2018 No journal entry required 9 03/01/2018 891.86 Forward contract Gain on forward contract 891.86 10 03/01/2018 No journal entry required Prev 40 Next a-2. Impact on 2017 income a-3. Impact on 2018 income -4. Impact on net income over 2017 and 2018

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