On 1 March 2016, Ebba itd enters into a call option contact with a right to receive the fair value of 1000 ordinery shares of a blue chip company as on 31 January 2019 in exchange for $102 000 in cash e exercise price $102 per share) The market price per share on 1 March 2018 is $100. The initial fair value of the option contract on 1 March 2018 is $10 000, which Toba Ltd pays to the writer in cash, On 31 December 2018, the market price per share has increased to $104 while the fair value of the call option has decreased to $6 000. On 31 January 2019 the market price of share is $106, but the fair value of the call option has decreased to $4000. On the same day, Ebba Ltd exercises the call option and the contract is settled net in cash, Required: Provide the accounting journal entries to record the option contract transactions IT IS VERY URGENT