On December L 20 times 1 Pimlico made sales to a customer in India and recorded Accounts Receivable of 10,000,000 rupees. The customer has until March 1, 20 times 2 to pay. On December 1, 20 times 1. Pimlico paid $500 for a put option to sell rupees at a strike price of $2.30 per 100 rupees on March 1, 20 times 2, which was the spot rate on December 1, 20 times 1. On December 31,20 times 1, the spot rate was $2.80 per 100 rupees and the option premium was $0,004 per 100 rupees. Answer the following. Show all calculations in good accounting form. What is the fair value of the option on December 1, 20 times 1 ? What is the fair value of the option on December 31, 20 times 1 ? What is the foreign currency exchange gain or loss on December 31, 20 times 1 ? If the spot rate on March 1, 20 times 2 was $2.45 per 100 rupees, what is the foreign current exchange gain or loss that should be recorded that day? On December L 20 times 1 Pimlico made sales to a customer in India and recorded Accounts Receivable of 10,000,000 rupees. The customer has until March 1, 20 times 2 to pay. On December 1, 20 times 1. Pimlico paid $500 for a put option to sell rupees at a strike price of $2.30 per 100 rupees on March 1, 20 times 2, which was the spot rate on December 1, 20 times 1. On December 31,20 times 1, the spot rate was $2.80 per 100 rupees and the option premium was $0,004 per 100 rupees. Answer the following. Show all calculations in good accounting form. What is the fair value of the option on December 1, 20 times 1 ? What is the fair value of the option on December 31, 20 times 1 ? What is the foreign currency exchange gain or loss on December 31, 20 times 1 ? If the spot rate on March 1, 20 times 2 was $2.45 per 100 rupees, what is the foreign current exchange gain or loss that should be recorded that day