On December 20, 2015, Butanta Company (a U.S. company headquartered in Miami, Florida) sold parts to a foreign customer at a price of 185,000 ostras. Payment is received on January 10, 2016. Currency exchange rates for 1 ostra are as follows:

December 20, 2015	$	1.28
December 31, 2015		1.25
January 10, 2016		1.21

a.

How does the fluctuation in exchange rates affect Butantas 2015 income statement? The Ostra receivable decreases in dollar value resulting in a foreign exchange loss of _____ in 2015 b) How does the fluctuation in exchange rates affect Butantas 2016 income statement? The Ostra receivable decreases in dollar value resulting in a foreign exchange loss of ______ in 2016