On September 3, 2020. Silverstone Co. purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The transaction is denominated in Swiss francs (SFr). The payment is made on February 4, 2021. The exchange rates were: Date Exchange Rate September 3, 2020 1 Swiss franc- $0.85 December 31, 2020 1 Swiss franc- $0.92 February 4, 2021 1 Swiss franc- $0.90 The settlement entry needed on February 4, 2021 & the net effect amount of this transaction includes: Select one: O a. Debit Accounts Payable (SFr) for $18,000; Foreign Currency Transaction loss for $400. and credit: FCUS (SFr) for $18,400. The net effect is net gain in the amount of $1,000. O b. Debit Accounts Payable (SFr) for $18.400 and credit Foreign Currency Transaction gain for $400; FCUS (SFr) for $18,000. The net effect is net loss in the amount of $1.000 Oc. Debit Accounts Payable (SFr) for $18,000; Foreign inch Currency Transaction loss for $400. and credit: FCUS (SEP) for $18.400. The net effect is net loss in the amount of $1.000 Scksor Corporation's balance sheet at January 1, 2020, reflected the following balonces: Cash & Receivable $80,000 Accounts $40.000 Payable Inventory 120,000 Income taxes 60.000 Payable Land 70,000 Bonds Payable 200.000 Building & Equipment (net) 480,000 Common Stock 250.000 Retained 200.000 Earnings $750,000 Total Liabilities & $750,000 SHE Total Assets Paper Corporation entered into an active acquisition program and acquired 80% of Scissor's common stock on January, 2020, for $470,000. The fair value of noncontrolling interest at that date was determined for $117.500. A careful review of the fair value of Scissor's assets and liabilities indicated the following: Account Book Value Fair Value Inventory $120.000 $150,000 Land 70.000 60,000 Building & Equipment (net) 480.000 550.000 What is the amount of the investment in Scissor