Turbo Corporation (a U.S.-based company) acquired merchandise on account from a foreign supplier on November 1, 2017, for 100,000 markkas. It paid the foreign currency account payable on January 17, 2018. The following exchange rates for 1 markka are known: November 1, 2017 December 31, 2017 January 15, 2018 $ 0.754 0.742 0.747 a. How does the fluctuation in exchange rates affect Turbo's 2017 income statement? b. How does the fluctuation in exchange rates affect Turbo's 2018 income statement? a. The in the dollar value of the markka payable is recorded as foreign exchange in 2017 b. The in the dollar value of the markka payable is recorded as foreign exchange in 2018