Question 3: (5 marks) A Qatari company buys goods from a US supplier for $30,000 on 30 November Year 1 when the spot exchange rate was $1.50. The company has a financial year that ends on 31 December. At 31 December Year 1, the exchange rate is $1.80 = 1 dinar. The payment for the goods is made on 16 March Year 2, when the exchange rate was $1.60 = 1 dinar. How would this be reported at the settlement of the transaction