On November 12, Higgins, Inc., a U.S. Company, sold merchandise on credit to Kagome of Japan at a price of 3,100,000 yen. The exchange rate was $0.00853 on the date of sale. On December 31, when Higgins prepared its financial statements, the exchange rate was $0.00859. Kagome paid in full on January 12, when the exchange rate was $0.00877. On January 12, Higgins should prepare the following journal entry Skipped Multiple Choice 0 O Debit Cash $27,187; credit Accounts Receivable-Kagome $26,443; credit Foreign Exchange Gain $744. 0 Debit Cash $26,443; debit Foreign Exchange Loss $744; credit Accounts Receivable-Kagome $27,187. 0 Debit Cash $26,443; debit Foreign Exchange Loss $186; credit Accounts Receivable-Kagome $26,629. 0 Debit Cash $27,187; credit Accounts Receivable-Kagome $26,629; credit Foreign Exchange Gain $558. 0 Debit Cash $26,629; credit Accounts Receivable-Kagome $26,443; credit Foreign Exchange Gain $186