. Fourth question: Foreign currency obligations The Australian Wall-Mart Company purchased goods on credit from the Saudi Cement Company on December 20, 2020, and the invoice amount was 300,000 thousand riyals. The prevailing exchange rate on the date of the transaction was 1 Australian dollar = 3.1 SAR. The fiscal year of the Saudi Cement Company ends on December 31, and the spot exchange rate on December 31, 2020 was 1 Australian dollar = 2.9 SAR. Australian Wall-Mart paid the full obligation on January 22, 2020 when the prevailing exchange rate of 1 Australian Dollar = 3 AUD. . Required a. The journal entry required to record the accounts payable's trade equivalent in Australian dollars using the prevailing exchange rate b. The journal entry required to record the obligation's revaluation at the end of the financial year, using the spot exchange rate. The journal entry required to record the obligation's revaluation at the end of the financial year, using the prevailing exchange rate