Terry Pty Ltd signed a binding agreement with NZ plc, an NZ firm, to build an equipment. The equipment requires a period of time to construct to get ready for its intended use. Terry Pty Ltd treats the equipment as a qualifying asset. Relevant events and the spot rates at each date are shown follows: Date Event Sport rate 1 March 2021 Signed a binding contract worth NZ $12 000 with A$1.00 = NZ$1.20 NZ plc to construct the equipment. 30 June 2021 Terry Pty Ltd's end of financial year A$ 1.00 = NZ$1.25 15 July 2021 Finished construction and the equipment get ready A$1.00 =NZ$1.24 for use 14 August 2021 Made payment of NZ$12 000 to NZ plc. A$ 1.00 = NZ$1.26 Prepare journal entries for each relevant event (rounded to the nearest integer)