Required information Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2018: Mar.1 Bought inventory costing 60,000 pesos on credit. May 1 Sold 60% of the inventory for 54,000 pesos on credit. Aug. 1 Collected 48,000 pesos from customers Sept. 1 Paid 36,000 pesos to creditors The appropriate exchange rates during 2018 were as follows: Date March 1, 2018 May 1, 2018 August 1, 2018 September 1, 2018 December 31, 2018 Exchange Rate $.20 = 1 peso $.22 = 1 peso $.23 = 1 peso $.24 = 1 peso $.25 = 1 peso The beginning balance of cash was 50,000 pesos on January 1, 2018, translated at 1 peso = $.18. What amount will Coyote Corp. report in its 2018 balance sheet for Cash