Texas co had the following trans in a foreign country during 2013: 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 to creditors Exchange rates: Mar 1 $.20, May 1 $.22, Aug 1 $.23, Sep 1 $.24, Dec 31 $.25 1. Prepare all journal entries under perpetual inventory system 2. What is the inventory amount on the balance sheet 3. What is the COGS on the income stmt 4. What is the balance on Sales on the income stmt 5. What is A/R on the balance sheet