On $1$ May $20$X$9,$ All$-$Man Imports Ltd$.($AML$)$ obtained a five$-$year loan from a major New York bank. The loan is for US$$15,000,000,$ bears interest at $7\%$ per annum $($paid annually on the loan anniversary date$),$ and matures on $31$ December $20$X$14.$ AML reports in Canadian dollars. At the date the note was issued, the exchange rate was US$$1\mathrm{.}00=$ Cdn$$0\mathrm{.}99.$ On $31$ December $20$X$9,$ the exchange rate was US$$1\mathrm{.}00=$ Cdn$$0\mathrm{.}95,$ and the average exchange rate for the last $8$ months of the year was US$$1\mathrm{.}00=$ Cdn$$0\mathrm{.}98.$

Required:

$1.$ Prepare the journal entry to record the loan on $1$ May $20$X$9.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

$2-$a$.$ What amounts relating to the loan will appear on AML$$s statement of financial position on $31$ December $20$X$9?($Do not round intermediate calculations.$)$

$2-$b$.$ What amounts are included in earnings for $20$X$9?($Do not round intermediate calculations.$)$