Delaney Inc. has several transactions with foreign entities. Each transaction is denominated in the local currency unit of the country in which the foreign entity is located. For each of the following independent cases, determine the December 31, 20X2, year-end balance in the appropriate accounts for the case. Case 1: On November 12, 20X2, Delaney purchased goods from a foreign company at a price of LCU 40,000 when the direct exchange rate was 1 LCU = $0.45. The account has not been settled as of December 31, 20X2, when the exchange rate has decreased to 1 LCU = $0.40.

Case 2: On November 28, 20X2, Delaney sold goods to a foreign entity at a price of LCU 20,000 when the direct exchange rate was 1 LCU = $1.80. The account has not been settled as of December 31, 20X2, when the exchange rate has increased to 1 LCU = $1.90.

Case 3: On December 2, 20X2, Delaney purchased goods from a foreign company at a price of LCU 30,000 when the direct exchange rate was 1 LCU = $0.80. The account has not been settled as of December 31, 20X2, when the exchange rate has increased to 1 LCU = $0.90.

Case 4: On December 12, 20X2, Delaney sold goods to a foreign entity at a price of LCU 2,500,000 was 1 LCU = $0.003. The account has not been settled as of December 31, 20x2, when the exchange rate has decreased to 1 LCU = $0.0025.

Required:
Prepare the December 31, 20X2, year-end balances on Delaney's records.