Question: please complete yhr question step by step accordingly . pictures attatched a - 1 . Assuming that Maxwell designates the foreign currency option as a

please complete yhr question step by step accordingly .pictures attatched
a-1. Assuming that Maxwell designates the foreign currency option as a cash flow hedge of a foreign currency receivable, prepare journal entries for the export sale and related hedge in U.S. dollars. 12 entries
a-2. What is the impact on net income over the two accounting periods?
b-1. Assuming that Maxwell designates the foreign currency option as a fair value hedge of a foreign currency receivable, prepare journal entries for the export sale and related hedge in U.S. dollars. 12 entries
b-2. What is the impact on net income over the two accounting periods?
please complete yhr question step by step accordingly .pictures attatched a-1.

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