Please help complete this problem. This is the second time I request help with this problem as the first time was answered all wrong.

Based on past experience, Leickner Company expects to purchase raw materials from a foreign supplier at a cost of 1,000,000 marks on March 15, 2018. To hedge this forecasted transaction, the company acquires a three-month call option to purchase 1,000,000 marks on December 15, 2017 Leickner selects a strike price of $0.59 per mark, paying a premium of $0.001 per unit, when the spot rate is $0.59. The spot rate increases to $0.598 at December 31, 2017, causing the fair value of the option to increase to $8,500. By March 15, 2018, when the raw materials are purchased, the spot rate has climbed to $0.60, resulting in a fair value for the option of $10,000. a. Prepare all journal entries for the option hedge of a forecasted transaction and for the purchase of raw materials, assuming that December 31 is Leickner's year-end and that the raw materials are included in the cost of goods sold in 2018. b. What is the overall impact on net income over the two accounting periods? c. What is the net cash outflow to acquire the raw materials? Complete this question by entering your answers in the tabs below. Req A Req B and C Prepare all journal entries for the option hedge of a forecasted transaction and for the purchase of raw materials, assuming that December 31 is Leickner's year-end and that the raw materials are included in the cost of goods sold in 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Date Debit Credit General Journal No Transaction Recorded 12/15/2017 No Transaction Recorded 12/31/2017 No Transaction Recorded 12/31/2017 No Transaction Recorded 51 03/15/2018 No Transaction Recorded 61 03/15/2018 No Transaction Recorded 7 03/15/2018 No Transaction Recorded 8 03/15/2018 No Transaction Recorded 03/15/2018 No Transaction Recorded Req A Reg B and C b. What is the overall impact on net income over the two accounting periods? (In case of negative impact on net income, answer should be entered with a minus sign.) C. What is the net cash outflow to acquire the raw materials? b. Impact on net income in 2017 Impact on net income in 2018 c. Net cash outflow 591,000