The next 2 questions are based on the following: On Nov. 1. 2019. Company X purchased Inventory for 100.000 LCU. On Dec. 1. 2019. Company sold 70% of this inventory for 120,000 LCU. By December 31, 10% of the payable and 40% of the receivable remained unpaid. Spot rates were: Nov. 1, 2019 $.80 per LCU Dec. 1. 2019 $.82 per LCU Dec 31, 2019 $.75 per LCU 3 What amount was reported as gross profit related to this sale? $41.000 $42.400 $18.400 $37,500 Wat was reported on Dec 31, 2019 balance sheet to the Receivable Betalle Baxable $36.000 $8,000 B$39.360 $8.000 $36.000 $7.500 $39,360 $7,500