Delaney Inc. has several transactions with foreign entities. Each transaction is denominated in the local currency unit of the country in which the foreign entity is located. For each of the following independent cases, determine the December 31 20x2 year and balance in the appropriate accounts for the case Case 1 On November 12, 2002, Delaney purchased goods from a foreign company at a price of LCHI 40,000 when the direct exchange rate was 1LCU$0.45. The account has not been settled of December 31, 20x2, when the exchange rate has decreased to 1 LU - $0.10. Case 2 On November 28, 2012, Delaney sold goods to a foreign entity at a price of LC 20,000 who the direct exchange rate was 1 LCU $1.9 The account has not been settled as of December 31, 20x2, when the exchange rate has increased to 1 LU $1.90 Case 3: On December 2, 20x2, Delaney purchased goods from a foreign company at a price of LCU 30,000 when the direct exchange rate was 1 LU $0.30. The account has not been settled of December 31, 2002, when the exchange rate has increased to 1 LC-58.90 On December 12, 2012, Delaney cold soods to foreign entity at price of LU 2.500.000 when the direct exchange rate was 1 LEU = $0.003. The account has not been settled as of December 1, 20x2, when the exchange rate has decreased to 1 LC 50.0075 Required: Provide the December 31, 20X2, year end balances on Delaney's records for each of the following applicable tom. Transaction Accounts Accounts payable Foreign Foro currency currency transaction transaction exchange loss exchange Gain Case 1 Case 2 Cases Case 4