On November 1, 2021, Monica China sold a technology to Monika Saudi Arabia for 1,500,000 saudi riyal. The settlement date is February 1, 2022. Monica China has a fiscal year-end of December 31 and uses Chinese RMB as its functional and reporting currency.

Spot rate November 1, 2021 1.91 RMB

Spot rate December 31, 2021 1.86 RMB

Spot rate February 1, 2022 1.85 RMB

A. Determine Monica Chinas accounts receivable balance on the 2021 balance sheet date.

B. Determine Monica Chinas foreign exchange gain or loss on the 2021 balance sheet date.

C. Determine Monica Chinas foreign exchange gain or loss on the 2022 balance sheet date.

D. Determine Monica Chinas cumulative foreign exchange gain or loss related to this transaction.