Grand Ltd. is a Canadian company that had the following transactions in 20X7: a. Sold goods to a customer in Belgium on 25 November for 280,000 euros. b. Sold goods to a U.S. customer on 25 November for US$71,000. C. Sold goods on 1 December, to a British customer for 200,000 euros. d. On 15 December, the customer in transaction (a) paid. At year-end, the other two accounts receivable were still outstanding. EXCHANGE RATES Canadian Equivalencies 25 November 01 December 15 December 31 December Euro 1.57 1.63 1.44 1.49 US$ 1.02 0.98 1.01 1.03 Required: Calculate the exchange gain or loss to be reported in 20X7. (Do not round intermediate calculations.) w Calculate the accounts receivable on the 31 December 20X7 statement of financial position. Accounts receivable Calculate the sales revenue to be recorded from the transactions listed above. Sales revenue