LE 2. The Carnival Company has a receivable from a foreign customer that is payable in the local currency of the foreign customer. The account receivable for 800,000 local currency units (LCU) bas been translated into $280.000 on Carnival's December 31, 2014, balance sheet. On January 15, 2015, the receivable was collected in full when the exchange rate was 4 LCU to $1. What journal entry should Carnival make to record the col lection of this receivable? (a) Cash 200,000 Accounts Receivable 200.000 (b) Cash 200,000 Transaction Loss 80,000 Accounts Receivable 280.000 (c) Cash 200,000 Deferred Transaction Loss 80.000 Accounts Receivable 280,000 (d) Cash 280,000 Accounts Receivable 280.000