$[$The following information applies to the questions displayed below.$]$

Newberry, Inc., whose reporting currency is the U$.$S$.$ dollar, has a subsidiary in Argentina, whose functional currency also is the U$.$S$.$ dollar. The subsidiary acquires inventory on credit on November $1,2020,$ for $180,000$ pesos that is sold on January $17,2021,$ for $204,000$ pesos. The subsidiary pays for the inventory on January $31,2021.$ Currency exchange rates are as follows:

$\backslash$table$[[$November $1,2020,$$$0\mathrm{.}36=1$ peso$],[$December $31,2020,0\mathrm{.}37=1$