Answer Req B1 & Req B2 (Accurate Answers please)

ne 1, Alexander Corporation sold goods to a foreign customer at o price of 1,000,000 pesos and will receive payment in three onths on September 1. On June 1, Alexander acquired an option to sell 1,000,000 pesos in three months at a strike price of $0062. Relevant exchange rates and option premiums for the peso are as follows Date June 1 June 30 September 1 Spot Rate 0.062 0.066 0.061 Put Option Preniun for Septenber 1 (strike price 60.062) 0.0025 0.0018 Book i/A ces Alexander must close its books and prepare its second-quanter financial statements on June 30 erence a-1. Assuming that Alexander designates the foreign currency option as o cash flow hedge of a foreign currency receivable, prepare as a cash flow hedge of a foreign currency recelvable, prepare journal entries for these transactions in U.S. dollars. a-2. What is the impact on net income over the two accounting periods? b-1. Assuming that Alexander designates the foreign currency option as a foir value hedge of a foreion currency receliveble orenare journel entries for these transactions in U.S. dollars. b-2. What is the impact on net income over the two accounting periods? Complete this question by entering your answers in the tabs below Req Al Req A2 Req B Req B2 Assuming that Alexander designates the foreign currency option as a fair value hedge of a foreign currency receivable, prepare journal entries for these transactions in U.S. dollars. (Do not round intermediate calculations. If no entry is required for a transaction/event, select No journal entry required in the first account field.) View transaction list View journal entry worksheet ne 1, Alexander Corporation sold goods to a foreign customer at o price of 1,000,000 pesos and will receive payment in three onths on September 1. On June 1, Alexander acquired an option to sell 1,000,000 pesos in three months at a strike price of $0062. Relevant exchange rates and option premiums for the peso are as follows Date June 1 June 30 September 1 Spot Rate 0.062 0.066 0.061 Put Option Preniun for Septenber 1 (strike price 60.062) 0.0025 0.0018 Book i/A ces Alexander must close its books and prepare its second-quanter financial statements on June 30 erence a-1. Assuming that Alexander designates the foreign currency option as o cash flow hedge of a foreign currency receivable, prepare as a cash flow hedge of a foreign currency recelvable, prepare journal entries for these transactions in U.S. dollars. a-2. What is the impact on net income over the two accounting periods? b-1. Assuming that Alexander designates the foreign currency option as a foir value hedge of a foreion currency receliveble orenare journel entries for these transactions in U.S. dollars. b-2. What is the impact on net income over the two accounting periods? Complete this question by entering your answers in the tabs below Req Al Req A2 Req B Req B2 Assuming that Alexander designates the foreign currency option as a fair value hedge of a foreign currency receivable, prepare journal entries for these transactions in U.S. dollars. (Do not round intermediate calculations. If no entry is required for a transaction/event, select No journal entry required in the first account field.) View transaction list View journal entry worksheet