A accounting question, please help.

Please put as much details as possible.

Healthy Ltd has purchased AS600,000 of products from Australia and it wishes to hedge the currency risk associated with this transaction. Healthy Ltd will pay in exactly two months' time. At the time of purchase, the spot rate of exchange is AS090, that is, NZSl.00 buys AS090. Healthy Ltd decides to hedge. The company enters into the forward agreement with the bank in which Healthy Ltd will buy A5600,000 and pay the bank agreed amount of NZ$ at settlement (i.e., two months after the purchase) at the agreed forward rate of A5088. The relevant spot rates and forward rates from the date of purchase to the settlement are shown below. Rates: At the date of the purchase Spot: 0.90 Forward: 0.88 One month after the purchase Spot: 0.92 Forward: 0.91 Two months after the purchase (i.e., at settlement) Spot: 0.94 Forward: 0.94 Show the journal entry to record the purchase and any additional journal entries that are required through to (and including) settlement. Also calculate the overall gain or loss from both the accounts payable and forward contract