Marko Company sold spray paint equipment to Spain for 5,400,000 pesetas ( P ) on October 1 , with payment due in six months. The exchange rates were Requlred: o. Did the dollar strengthen or weaken relative to the peseta during the period from October 1 to December 31 ? Did it strengthen or weaken between January 1 and April 1 of the next year? b. Prepare all required journal entries for Marko as a result of the sale and settlement of the foreign transaction, assuming that its fiscal year ends on December 31 . c. How much overall net gain or net loss did Marko have from its foreign currency exposure? Complete this question by entering your answers in the tabs below. Prepare all required journal entries for Marko as a result of the sale and settlement of the foreign transaction, assuming that its fiscal year ends on December 31 . Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet (1) 2 Record the collection of the foreign receivable. Note: Enter debits before credits