PROBLEMC On 12/1/08, Delta Company, a U.S. firm, purchased inventory from a foreign firm for 200,000 FCs. Payment for the inventory was to be made in FCs on 2/1/09. The appropriate spot rates on selected dates were as follows: Date Spot Rate 12/1/08 1 FC = $0.35 12/31/08 1 FC = $0.39 2/1/09 1 FC = $0.375 Prepare Delta's journal entries for the above transactions