1. Gel decides now to sell its future production by entering into a forward contract with Kev for delivery to Kev of 150,000 pounds of coffee in one year at price of $ 100 per pounds. Please complete the table below: Market price per pound Forward price per pound Un hedge gain/loss Economic gain/loss on Eonomic income with hedge forward $ 120 $ 100 $90 $80 $ 100 $ 100 $ 100 S 100 - ........ ......... 2. On December 02 2019 ABC Inc. enters into a 90-day forward contract (future) to purchase 20,000 euros when the current quotations for 90-day futures in euros is $ 0.4500. The spot rate for Euros on December 02 2019 is $ 0.4550. Exchange rates at December 31 2019 and 30-day futures Spot rate December 31 2019 $0.4600 $0.4700 January 31 2020 $ 0.4650 $ 0.4750 Make journal entries on the book of ABC Inc to account for the speculation. 3. Kho apply revenue test by comparing each operating segment's revenue with 10 percent of the combined for all operating segments. Please complete the table below: Segment Operating segment revenue Intersegment revenue Total segment revenue Test value Reportable segment under revenue test? 1 Transportation Oil refining Insurance Finance Total $100 $ 150 $50 S 200 I SO $ 30 $20 SO