Pioneer Inc., a USA firm, had the following. transactions with foreign entities during 2021. On March 1, Pioneer purchased parts from a German company for a U.S. dollar equivalent value of $21,000 to be paid on May 20. The exchange rates were as follows: March 1 May 20 1= $1.50 1 = $1.40 On June 1, Pioneer sold products to a Japanese customer for a U.S. dollar equivalent of $28,000, to be received on July 10. Japan's local currency unit is the Yen. The exchange rates were as follows: June 1 1-$0.0035 July 10 1 = $0.0030 6. Assume that Pioneer transactions were denominated in U.S. dollars, which of the following entries was recorded during 2021? * Inventory 28,000 Accounts Payable 28,000 A.