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Item 1

Voltac Corporation (a U.S.-based company) has the following import/export transactions denominated in Mexican pesos in 2020:

March 1	Bought inventory costing 108,000 pesos on credit.
May 1	Sold 70 percent of the inventory for 88,000 pesos on credit.
August 1	Collected 74,000 pesos from customers.
September 1	Paid 64,000 pesos to suppliers.

Currency exchange rates for 1 peso for 2020 are as follows:

Date	U.S. Dollar per Peso
March 1	$	0.17
May 1		0.18
August 1		0.19
September 1		0.20
December 31		0.21

Assume that all receipts were converted into dollars as soon as they were received.

For each of the following accounts, what amount will Voltac report on its 2020 financial statements

a. Inventory

d. Accounts receivable

e Accounts payable

f Cash