Problem 1 Almira, Inc. is a U.S.-based manufacturer and wholesaler. On 10/15/20x1, Almira made its first international sale. They sold $450,000 of products to a non-U.S. customer. Almira, Inc. agreed to allow the customer to pay for the purchase in its own currency, the FC. To avoid a penalty, the foreign buyer must make payment to Almira by February 2, 20x2. At the time of the sale, the Fc/$ spot rate was FC1.97=$1 Almira, Inc. has a December 31 year-end. At 12/31/20x1, the foreign currency spot rate was FC1.95 = $1. . Required: For Almira, Inc., Give the journal entries for the 10/15/20x1 sale. Give the journal entries for the foreign currency sale at 12/31/20x1, when the company closes its books and prepares its financial statements. Give the journal entries for the receipt of payment on the sale on 2/2/20x2. At that date, the foreign currency Spot rate was FC 2.00 = $1