On December $1,20$X$1,$ Micro World Incorporation entered into a $120-$day forward contract to sell $100,000$ Australian dollars $($A$$).$ Micro World's fiscal year ends on December $31.$ The direct exchange rates follow:

$\backslash$table$[[$Date$,$Spot Rate,$\backslash$table$[[$Forward Rate for$],[$March $31,202$

On December $1,20$X$1,$ Micro World Incorporation entered into a $120-$day forward contract to sell $100,000$ Australian dollars $($A$$).$ Micro World's fiscal year ends on December $31.$ The direct exchange rates follow:

$\backslash$table$[[$Date$,$Spot Rate,$\backslash$table$[[$Forward Rate fo$],[$March $31,202$

Record the foreign currency receivable.

$(2)$ Record the forward exchange contract signed to manage the exposed foreign currency receivable.

Record the revaluation of the foreign currency receivable to the equivalent U$.$S$.$ dollar value.

Record the revaluation foreign currency payable.

Record the revaluation of the foreign currency payable to the current U$.$S$.$ dollar equivalent.

Record the revaluation of the foreign currency payable.

Record the revaluation of the foreign currency receivable.

$(8)$ Record the receipt of U$.$S$.$ dollars from an exchange broker as required by the forward contract.

$9$ Record the payment of A $$100,000$ to the exchange broker in accordance with the forward contract.

$(10)$ Record the receipt of A $$100,000$ from customer.