Marko Company sold spray paint equipment to Spain for 5,200,000 pesetas (Pon October 1, with payment due in six months. The exchange rates were October 1, 20x6 December 31, 20x6 April 1, 20x7 1 peseta 1 peseta 1 peseta 0.0848 B075 .ee73 Required: a. Did the dollar strengthen or weaken relative to the peseta during the period from October 1 to December 31? Did it strengthen or weaken between January 1 and April 1 of the next year? October 1 to December 31 January 1 and April 1 b. Prepare all required journal entries for Marko as a result of the sale and settlement of the foreign transaction, assuming that its fiscal year ends on December 31. (if no entry is required for a transaction/event, select "No Journal entry required" In the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the sale of the equipment with the receivable denominated in Spanish pesetas Note: Enter cabis before credits Date General Journal Debit Credit Oct 1.20xd Journal entry worksheet 1 2 3 4 Record the revaluation of the foreign currency receivable to the current U.S. dollar equivalent. Note: Enter debits before credits. Date General Journal Debit Gredit Dec. 31, 20X6