Triple A Company, a U$.$S$.-$based company, purchased equipment from Germany for $15,000$ Euro on December $16,2023.$ The sales term was FOB shipping $($i$.$e$.,$ ownership is transferred to Triple A Company upon shipping$).$ The equipment was shipped on December $16,2023.$ The payment was due on February $14,2024.$ Triple A was concerned Euro would appreciate between December $16,2023$ and February $14,2024.$ Therefore, on December $16,2023,$ Triple A also acquired a $60-$day forward contract to purchase Euro at a forward rate of Euro $1=$ $$1\mathrm{.}19.$ On December $16,2023,$ the forward rate for an exchange on February $14,2024,$ is Euro $1=$ $$1\mathrm{.}19.$ On December $31,2023,$ the forward rate for an exchange on February $14,2023,$ is Euro $1=$ $$1\mathrm{.}21.$ The spot rate on February $14,2024$ was Euro $1=$$$1\mathrm{.}24.$ Should Triple A classify the hedge as a cash flow hedge or a fair value hedge? Prepare the appropriate entry on December $31,2023$ and February $14,2024.$