1. On 8/1, Coruscant, Inc, a US Based Corporation, forecasts the purchase of 10,000 units of inventory from a foreign vendor. The forecasted cost is estimated to be 150,000 FC. It is estimated inventory will be both delivered and paid for in October. Also, on 8/1, Coruscant purchased a call option to buy 150,000 FC at a striks price of $o.60 anytime during October. An option premium of $2,000 was initially paid. The option was sold on 10/15. The company also received the inventory and paid 150,000 FC on October 15. The company prepares monthly journal entries to record changes in the option value. The company excludes changes in the time value of the options from hedge effectiveness. August Iugust September.30 October 15 S0.58 $2,000 Spot Fair Valuc of Option Required S0.61 $2,500 $0.63 S5,100 $0.635 5.500 Prepare the journal entries required from 8/1 through 10/15