JUST NEED HELP WITH PART B$!!!!$

Invanhoe Jewelry Co$.$ unes gold in the production of its products. franhoe anticipubes that it will need to purchave Wounces of gold in November $2025.$ for inwelry thut wall be itipoed prier to Valentines Day. However, il the price of gold increaves, this will increase the cost to produce the jewelry, which will result in lower prote margim. The notional amount of the contract is $90$ ounces, and the terms of the contract pive lvanhop the option to purchave pold ac a price of $$615$ per ounce. The price mall be pood undil the cantract expires on November $30,2025.$

Asume the followling data with respect to the price of the call options and the gold inventory purchase:

$\backslash$table$[[$Date$,$Spot Price for November Delivery$],[$June $1.2025,$$$615$ per cunce$],[$June $30,2025,680$ per ounce$],[$September $30,2025,725$ per ounce$]]$

$($a$)$

Your answer is correct.

Present the journal entries for the following dates$/$transactions$.$Fresent the journul entries for the following datevtranuactions.

$(4)$ June $1,2025-$inctption of hutures contract roppemium paid.

$($b$)$ June $30\mathrm{.}2025-$fanhoe arepures financial statements.

k$.$ September $302025-$kawhee prepares finurcid ithatements.

$(4)$ November $1,2025-$ Fumhoe purchases Mounces of gold at $9725$ per ounce and settles the fubures contract. debit emeries before credit entries$)$

$\backslash$table$[[$No$.,$Date,Account Tities and Ixplanatien,Debit,Credit$],[($a$),,\backslash$table$[[$