QUESTION $5($FOREIGN EXCHANGE$)$

I$\text{'}$s year of assessment ends on the last day of February. On $1$ December $2017,$ the ompany purchased trading stock from a supplier in another country for a foreign currency $($FC$)$ amount of FC$100000.$ The debt was paid on $30$ April $2019.$ All trading stock was sold by the end of February $2018.$

Assume that the exchange rates on the relevant dates are as follows:

$\backslash$table$[[1$ December $2017$: spot rate,$FC1=R6,60$