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 305,000 euros.

b. Sold goods to a U.S. customer on 25 November for US$76,000.

c. Sold goods on 1 December, to a British customer for 225,000 euros.

d. On 15 December, the customer in transaction (a) paid.

At year-end, the other two accounts receivable were still outstanding.

Canadian Equivalencies	Euro	US
25 Nov	1.52	1.03
01 Dec	1.58	0.99
15 Dec	1.39	1.02
31 Dec	1.44	1.04

Required:

1. Calculate the exchange gain or loss to be reported in 20X7. (Do not round intermediate calculations.)

2. Calculate the accounts receivable on the 31 December 20X7 statement of financial position.

3. Calculate the sales revenue to be recorded from the transactions listed above.