Rabato Corporation acquired merchandise on account from a foreign supplier on November 1, 2015, for 60,000 LCU (local currency units). It paid the foreign currency account payable on January 15, 2016. The following exchange rates for 1 LCU are known:

November 1, 2015	$	0.345
December 31, 2015		0.333
January 15, 2016		0.359

Fill in blanks

The ______ in the dollar value of the LCU payable is recorded _________ foreign exchange _______ in 2015.

The ______ in the dollar value of the LCU payable is recorded _________ foreign exchange _______ in 2016.