Question 7 (8 Marks): On October 15, 2009, Talud Limited, a Canadian company, sold a customer in England for 10,000, when the exchange rate was 1 = $2.20. On December 31, 2009, the exchange rate at Talud's year-end was 1 = 2.25 and dropped to C1 = 2.10 on the settlement date, February 15, 2010. Record journal entries on the date of sale, year-end adjustment, and settlement date