Voltac Corporation (a U.S. company located in Charlotte, North Carolina) has the following import/export transactions denominated in Mexican pesos in 2017:

March 1Bought inventory costing 107,000 pesos on credit.May 1Sold 60 percent of the inventory for 87,000 pesos on credit.August 1Collected 73,500 pesos from customers.September 1Paid 63,500 pesos to suppliers.

Currency exchange rates for 1 peso for 2017 are as follows:

March 1$0.16May 10.17August 10.18September 10.19December 310.20

Assume that all receipts were converted into dollars as soon as they were received.

For each of the following accounts, how much will Voltac report on its 2017 financial statements?

a Inventory

b Cost of goods sold

c Sales

d Accounts receivable

e Accounts payable

f Cash