PROBLEM 2 On November 1, 20x1, Pain Co. receive a sale order for equipment from Gain Co., a foreign entity, for 300,000 foreign currency units (FCU) when the local currency unit (LCU) equivalent was 96,000 LCUs. Pain shipped the equipment on December 1, 20x1, and billed the customer for 300,000 FCUs when the local unit equivalent was 100,000 LCUs. On December 31, 20x1, the local currency unit equivalent of the 300,000 FCUs was 103,000 LCUs. Pain received the payment on January 6, 20x2 when the local currency unit equivalent of the 300,000FCUs was 105,000 LCUs. Requirement: Provide the journal entries in 20x1 and 20x2