On May 8, 2015, Jett Company (a U.S. company) made a credit sale to Lopez (a Mexican company). The terms of the sale required Lopez to pay 1,340,000 pesos on February 10, 2016. Jett prepares quarterly financial statements on March 31, June 30, September 30, and December 31. The exchange rates for pesos during the time the receivable is outstanding follow. May 8, 2015 June 30, 2015 September 30, 2015 December 31, 2015 February 10,2016 $ 0.1855 0.1864 0.1875 0.1858 0.1897 Compute the foreign exchange gain or loss that Jett should report on each of its quarterly income statements for the last three quarters of 2015 and the first quarter of 2016. June 30, 2015 September 30, 2015 December 31, 2015 March 31, 2016 Compute the amount reported on Jett's balance sheets at the end of each of its last three quarters of 2015 Balance Sheet Amount June 30 September 30 December 31