please use typing not hand writing and show all calculations

A- On October 1, 2020. Penton Corporation, a UK company sold a truck to XYZ Corporation, a US company for $10,000 and XYZ agreed to pay in pounds on March 1, 2021. The spot rates for the British pound on October 1, 2020, December 31, 2020, and March 1, 2021, are $1.60, $164, and $1.58, respectively. Required: 1- Record these transactions in the accounting records of XYZ Corporation and Penton Corporation. 2- Did the US dollar strengthen or weaken from October to March and what are the implications for XYZ business? Prove your answer. 3- Ilow much foreign exchange gain/loss each company made? Why? (19 Marks)