On April 1 2020, P Inc., a Canadian public company, issues f1,250,000 in long-term debt to lenders in the Uk. The debt pays interest at an annual rate of 12%, with payments due on March 31 of each year. The debt matures on March 31, 2025. P closes its books on December 31 and prepares its financial statements in Canadian dollars. As a consequence, all amounts relating to this debt must be translated. Relevant exchange rates are as follows: April 1, 2020 1 Cdn =f .5741 December 31, 2020 1 Cdn =f .5744 April 1, 2021 1 Cdn =f .6646 July 1, 2021 1 Cdn =f .6505 October 1, 2021 1 Cdn =f .7050 December 31, 2021 1 Cdn =f .6951 B. Determine the Interest Expense relating to the long-term debt that will be reported in P' Income Statement for the year ending December 31, 2020 would be. C. How much foreign Exchange Gain (Loss) on the long-term debt that would be reported in P Income Statement for the year ending December 31, 2021