Question 2 (8 points) On November 1, 2013, the Penguin Corporation, a US corporation, sold a machine to Shearwater Corporation, a UK company. The selling price was $8,000 and Shearwater agreed to pay in pounds on February 1, 2014. Both corporations are on a calendar year accounting period. Assume that the spot rates for the British pound on... November 1, 2013: $1.60 December 31, 2013: $1.63 February 1, 2014: $1.58 Required: 1- Record the transactions in the General Journals of Shearwater Corporation on the dates below: Date General Journals Entries 1/11/2013 31/12/2013 1/02/2014 2- Record the transactions in the General Journals of Penguin Corporation on the dates below: Date General Journals Entries 1/11/2013 31/12/2013 1/02/2014