voltac corporation (a u.s.-based company) has the following import/export transactions denominated in mexican pesos in 2020: march 1bought inventory costing 122,000 pesos on credit. may 1sold 60 percent of the inventory for 102,000 pesos on credit. august 1collected 81,000 pesos from customers. september 1paid 71,000 pesos to suppliers. currency exchange rates for 1 peso for 2020 are as follows: dateu.s. dollar per peso march 1$0.20 may 1 0.21 august 1 0.22 september 1 0.23 december 31 0.24 assume that all receipts were converted into dollars as soon as they were received. for each of the following accounts, what amount will voltac report on its 2020 financial statements? a.Inventory.
b.Cost of Goods Sold.
c.Sales.
d.Accounts Receivable.
e.Accounts Payable.
f.Cash.