On 1/10/2010 Ulysses Company purchased goods from China amounting to 372,372 Yuan (the transaction is denominated in the Chinese Yuan). Assume the Yuan was trading at $0.155 at the date the goods are received. And the Yuan was trading at $0.156 on 31/12/2019. When the invoice is paid on 1/2/2020 the Yuan was trading at $.158. Which of the following is true?

Select one:

a.The entry to record the payment will include a gain of $744.74.

b.The entry to record the payment will include a gain of $372.37.

c.The entry to record the purchase will include a credit to Accounts Payable of $57,717.66.

d.The entry to record the purchase will include a credit to Accounts Payable of $58,090.03.