hfac331 please help me

North Limited, a South African company with a February year-end, purchased 850 units of trading stock on credit from a supplier in China on 1 April 2022. The trading stock cost CNY25 per unit and was shipped free-on-board on 1 April 2022. On 1 May 2022, North Limited received the stock at its factory premises. North Limited settled the purchase consideration in full on 31 March 2023. To hedge the total debt, North Limited entered into a 12-month foreign exchange contract on 1 April 2022. The forward rate on 1 April 2022 was CNY1 = R2.50. The relevant ruling rates of exchange were as follows: REQUIRED: Calculate the foreign exchange differences which arise from the transactions for North Limited's 2023 and 2024 years of assessment in terms of Section 24I of the Income Tax Act. Show all your calculations and clearly indicate whether an amount is a foreign exchange gain or loss. North Limited, a South African company with a February year-end, purchased 850 units of trading stock on credit from a supplier in China on 1 April 2022. The trading stock cost CNY25 per unit and was shipped free-on-board on 1 April 2022. On 1 May 2022, North Limited received the stock at its factory premises. North Limited settled the purchase consideration in full on 31 March 2023. To hedge the total debt, North Limited entered into a 12-month foreign exchange contract on 1 April 2022 . The forward rate on 1 April 2022 was CNY1 1=R2.50. The relevant ruling rates of exchange were as follows: REQUIRED: Calculate the foreign exchange differences which arise from the transactions for North Limited's 2023 and 2024 years of assessment in terms of Section 241 of the Income Tax Act. Show all your calculations and clearly indicate whether an amount is a foreign exchange gain or loss