Spindler inc imports surfboards

U O Shopping Blac kat JJandco Graduation Other Bookmar omework 0 Save Help Save & Exit Submit 5 Check my work Spindler, Inc. (a U.S.-based company), Imports surfboards from a supplier in Brazil and sells them in the United States. Purchases are denominated in terms of the Brazilian real (BRL). During 2020, Spindler acquires 430 surfboards at a price of BRL 1,600 per surfboard, for a total of BRL 688,000.00. Spindler will pay for the surfboards when it sells them. Relevant exchange rates are as follows: Date September 1, 2020 December 1, 2020 December 31, 2020 March 1, 2021 u.s. Dollar per Brazilian Real (BRL) $0.220 0.210 0.230 0.215 a. Assume that Spindler acquired the surfboards on September 1, 2020, and made payment on December 1, 2020. What is the effect of the exchange rate fluctuations on reported income in 2020? b. Assume that Spindler acquired the surfboards on December 1, 2020, and made payment on March 1, 2021. What is the effect of the exchange rate fluctuations on reported income in 2020 and 2021? c. Assume that Spindler acquired the surfboards on September 1, 2020, and made payment on March 1, 2021. What is the effect of the exchange rate fluctuations on reported Income in 2020 and in 2021? (Input all amounts as positive values.) Effect of Exchange Rate Fluctuations b 2020 2020 2021 2020 2021