12:41 Done Homework_6c3680c1325cao... On November 1, 20X5, US Frigatebird Company sold an airplane worth $1 million Australian dollars to Australian company Heron Inc. receivable on February 1, 20X6. In order hedge foreign exchange, Frigatebird entered into a 90 day forward contract on the same day for the amount of the sale at.76 US per Australian dollar. The relevant exchange rates are of US dollars per Australian dollar: Spot Rate Forward Rate November 1. 20X5 December 31. 20X5 .71 February 1, 20X6 .79 Required: Record the necessary journal entries to account for the above transactions in the specified dates. .74 76 75