On November 15, 2017, Indiana Pharmaceutical, Inc, a U.S. company, sold baby care and beauty products to a French pharmacy retailer for a U.S. dollar equivalent of $11,800,000 to be paid on February 3, 2018, Indiana Pharmaceutical's fiscal year end is December 31The exchange rates were: 4. November 15, 2017 E 0-s1.1 December 31,2017 February 3, 2018 1 Euro (E) 1 Euro () = $1.20 1 Euro () = $1.25 Required: Assume the transaction was denominated in Euros and that the French company paid the amount owed as required on February 3, 2018. The US dollar is Indiana Pharmaceutical's functional and reporting currency. Prepare alljournal entries that Indiana Pharmaceutical should make regarding this transaction