Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011: Mar. 1 - bought inventory costing 60,000 pesos on credit May 1 - sold 60% of the inventory for 54,000 pesos on credit Aug. 1 - collected 48,000 pesos from customers Sept. 1 - paid 36,000 pesos from customers The appropriate exchange rates during 2011 were as follows: Mar. 1 - $.20 = 1 peso May 1 - $.22 = 1 peso Aug 1 - $.23 = 1 peso Sept. 1 - $.24 = 1 peso Dec. 31 - $.25 = 1 peso Prepare all journal entries in U.S. dollars along with any December 31, 2011 adjusting entries. Using a perpetual inventory system.