Please need the answer for this question asap

3A) Please answer 3a,b,c&d using the case given below.

On June 1, Year 3, STL Corp. (STLC) ordered merchandise from a supplier in Turkey for Turkish lira (TL) 209,000. The goods were delivered on September 30, with terms requiring cash on delivery. On June 2, Year 3, STLC entered a forward contract as a cash flow hedge to purchase TL 209,000 on September 30, Year 3, at a rate of $0.82. STLCs year-end is June 30.

On September 30, Year 3, STLC paid the foreign supplier in full and settled the forward contract.

Exchange rates were as follows:

	Spot Rates	Forward Rates*
June 1 and 2, Year 3	TL1 = $0.790	TL1 = $0.820
June 30, Year 3	TL1 = $0.780	TL1 = $0.815
September 30, Year 3	TL1 = $0.830	TL1 = $0.830

*For contracts expiring on September 30, Year 3.

3a) Which journal entry under the assumption that no forward contract was entered would be correct?

	1.	June 30, Year 3 DR Inventory 173,470 CR Commitment liability 173,470
	2.	Sep 30, Year 3 DR Inventory 173,470 CR Cash 173,470
	3.	June 1, Year 3 DR Inventory 165,110 CR Cash 165,110
	4.	Sep 30, Year 3 DR Inventory 171,380 CR Cash 171,380

3c) Prepare all journal entries necessary for STLC assuming in case 3a, it entered into a forward contract using casflow hedge.

3d) Prepare all necessary journal entries to record the transactions described in case 3a, assuming that the forward contract was designated as a fair value hedge.

Provide all details to journals with date, name of journal and amount. Show all your work such as computations as well.