On 1st Jan 2021, Vegemite Ltd, an Australian company with a functional currency of AS, entered business selling goods to a US company in American Dollars (US$)when the exchange rate was A$1.00 = US $0.73. On 30th June 2021 the exchange rate is A$1.00 = US $0.78. The transaction was settled on 8th August 2021 when the exchange rate was A$1.00 = US $0.75 Required Translate the following for initial and Subsequent measurements and calculate the realised gain or loss on translation. 1. Sales revenue and Accounts Receivable US $40 000