Exercise 12-6 Agentel Corporation is a U.S.-based importing-exporting company. The company entered into the following transactions during the month of November. Nov. 6 Purchased merchandise from AGT, a Swiss firm, for 600,000 francs 5 Sold merchandise to SLS, Inc., a firm located in Rio De Janeiro, for $210,000 18 Sold merchandise to TNT, Ltd., a British firm, for 130,000 pounds. 20 Purchased merchandise from SDS, Ltd., a British firm, for $150,000. All the transactions were unsettled at December 31, Agentel's fiscal year-end. Spot rates are as follows: Currency FrancReal Pound November 6 $0.490 $0.412 $1.520 November 15 0.487 0.4091.509 November 18 0.476 0.414 1.506 November 20 0.468 0.405 1.498 December 31 0.460 0.398 1.482 te (b) Your answer is incorrect. Try again Compute the transaction gain or loss on each unsettled receivable and payable that would be reported in the income statement prepared for the year ended December 31. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Receivable Payable SLS, Inc. TNT, Ltd AGT SDS, Ltd Transaction gain (loss) 2,310 18,000 -3,120 2,400 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT