Voltac Corporation (a U.S.-based company) has the following import/export transactions denominated in Mexican pesos in 2024: March 1 May 1 August 1 September 1 Bought inventory costing 100,000 pesos on credit. Sold 60 percent of the inventory for 80,000 pesos on credit. Collected 70,000 pesos from customers. Paid 60,000 pesos to suppliers. Currency exchange rates for 1 peso for 2024 are as follows: Date March 1 May 1 August 1 September 1 December 31 U.S. Dollar per Peso $ 0.10 0.12 0.13 0.14 0.15 Assume that all receipts were converted into dollars as soon as they were received. Required: For each of the following accounts, what amount will Voltac report on its 2024 financial statements?

Voltac Corporation (a U.S. based company) has the following import/export transactions denominated in Mexican pesos in 2024 Narch 1 Hay 1 August 2 Septenter 1 Eought Inventory costing 100 , 00a pesas an eredit. 501d.60 percent of the inventory for 80,090 pesos on credit. collected 78,008 pesas frum custoners. paid 60,000 pesos to suppliers. Cuirency exchange rates for 1 peso for 2024 are as follows: Assume that all receipts were converted into dollars as soon as they were received Required: For each of the following accounts, what amount will voltac report on its 2024 financial statements