ustion 2 10 points Runners Company has its functional currency as EUR. It performs trading activities with several overseas and sells goods Runners year end is 31 December 20X1. Runners purchased the goods costing 500.000 USD on 7 December 20X1. Runners made the payment of the goods purchased on 17 January 20X2. Runners sold these goods at 600.000 USD on 13 December 20X1. Runners received the payments of the goods on 13 January 20x2. The exchange rates are as follows: 17 December 20X1 11 USD 10,65 EUR 13 December 20X1 1 USD 0,80 EUR 31 December 20X1 1 USD 10.75 EUR 13 January 20X2 1 USD 0.90 EUR 17 January 20X2 1 USD 10,85 EUR 1. Please record the journal entries in Runners financial statements at the dates of transactions and at year end date. 2. Please briefly explain the primary factors in the assessment of functional currency. For the toolbar, press ALT-F10 (PC) or ALT+FN+F10 (Mac). I g Paragraph Arial 14px A W w OTUR *** hp