MEP, Inc. (a US company) bought inventory on account from RPW Inc. (Italian company) on October 15, 2020 for 50,000 krona (kr). MEP paid RPW on November 15th, 2020. MEP prepares financial statements on October 315. Prepare all Jes for MEP, Inc. in connection with this purchase. The following exchange rates are applicable: on Date 10/1/2020 10/31/2020 Exchange Rate kr 1 = $0.67 kr 1 = $0.65 kr 1 = $0.70 kr 1= $0.76 kr 1 = $0.83 11/15/2020 Average for 2020 12/31/2020 Average for 4th o kr 1 = $0.84 7