PROBLEM D On 12/1/08, Spirit Company, a U.S. firm, sold equipment (cost, $30,000 and accumulated depreciation, $12,000) to a foreign firm for 150,000 FCs. The foreign firm will make payment in FCs on 2/1/09. The appropriate spot rates on selected dates were as follows: Date Spot Rate 12/1/08 1 FC = $0.18 12/31/08 1 FC =$0.195 2/1/09 1 FC = $0.19 I Prepare Spirit's journal entries for the above transactions