In 2020, a P Company ordered and received inventory costing 100,000 pounds from a British firm (FOB destination). Full payment was made in 2021 using a bank wire transfer. Direct spot exchange rate information for the pound follows: 11/5/20 (the order date) $1.42 12/11/20 (the delivery date).............. $1.40 12/31/20 (the importer's year-end)......$1.45 1/10/21 (the payment date).............$1.44 Required: Prepare the journal entries required for P Company for each of the three dates above. You can assume that P Company's year-end is December 31