Question 27 options: SHORT PROBLEM - CHAPTER 11 Brody Company purchased interior decoration material from Jessica Company for 460,000 on December 1, 2021, with payment due on March 1, 2022. Additionally, on December 1, Brody entered a 90-day forward contract to purchase 460,000. The forward contract was acquired to manage the exposed net liability position in Euro, but it was not designated as a hedge. The relevant direct exchange rates were: REQUIRED: ANSWER THE FOLLOWING QUESTIONS RELATED TO THE JOURNAL ENTRIES RECORDED BY BRODY COMPANY: NOTE: BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000. The journal entry on 12/01/2021 to record the purchase from the foreign vendor would include: A CREDIT TO FC PAYABLE TO VENDOR () IN THE AMOUNT OF: The journal entry on 12/01/21 to record the entry into the forward contract would include: A CREDIT TO US DOLLARS PAYABLE TO FX BROKER IN THE AMOUNT OF: The journal entry on 12/31/21 to record the revaluation of the FC Payable to Vendor would include: A DEBIT TO FC PAYABLE TO VENDOR () IN THE AMOUNT OF: The journal entry on 12/31/21 to record the revaluation of the FC Receivable from FX Broker would include: A CREDIT TO FOREIGN CURRENCY TRANSACTION GAIN IN THE AMOUNT OF: The 12/31/21 Balance Sheet would include: AN ASSET FOR FX CONTRACT (NET) IN THE AMOUNT OF: The 12/31/21 Balance Sheet would include: A LIABILITY FOR FC PAYABLE TO VENDOR () IN THE AMOUNT OF: The journal entry on 03/01/22 to record the revaluation of the FC Payable to Vendor would include: A DEBIT TO FC PAYABLE TO VENDOR () IN THE AMOUNT OF: The journal entry on 03/01/22 to record the revaluation of the FC Receivable from FX Broker would include: A DEBIT TO FOREIGN CURRENCY TRANSACTION LOSS IN THE AMOUNT OF: The journal entry on 03/01/22 to record the settlement of the FC Payable to Vendor would include: A DEBIT TO FC PAYABLE TO VENDOR () IN THE AMOUNT OF: The journal entry on 03/01/22 to record the settlement of the US Dollars Payable to FX Broker would include: A CREDIT TO CASH IN THE AMOUNT OF: