On September $30,2020,$ Peace Frog International $($PFI$)($a U$.$S$.-$based company$)$ negotiated a two$-$year, $1,500,000$ Chinese yuan loan from a Chinese bank at an interest rate of $4$ percent per year. The company makes interest payments annually on September $30$ and will repay the principal on September $30,2022.$ PFI prepares U$.$S$.$ dollar financial statements and has a December $31$ year$-$end.

Relevant exchange rates are as follows:

$\backslash$table$[[$Date$,\backslash$table$[[$U$.$S$.],[$Dollar$],[$per$],[$Chinese$],[$Yuan$],[($CNY$)]]],[$September $30,2020,$$$0\mathrm{.}150$