On December 20, 2020, Momeier Company (a U.S.-based company) sold parts to a foreign customer at a price of 40,000 rials. Payment is received on January 10, 2021. Currency exchange rates are as follows:

Date	U.S. Dollar per Rial
December 20, 2020	$	1.07
December 31, 2020		1.04
January 10, 2021		1.00

a. How does the fluctuation in the U.S. dollar per rial exchange rate affect Momeiers 2020 income statement?

b. How does the fluctuation in the U.S. dollar per rial exchange rate affect Momeiers 2021 income statement?

a.The rial receivable exchange _________ in U.S. dollar value, resulting in a foreign exchange ________ of ___________ in 2020.

b.The rial receivable exchange _________ in U.S. dollar value, resulting in a foreign exchange ________ of ___________ in 2021.