34,000 dinars to be made on March 1, 2021. The materials are consumed immediately and recognized as date of purchase. On December 1, 2020, Icebreaker enters into a forward contract to purchase 34,000 din Relevant exchange rates for the dinar on various dates are as follows: Forward Rate Date Spot Rate (to March 1, 2021) December 1, 2020 $ 5.20 $ 5.275 December 31, 2020 5.30 5.400 March 1, 2021 5.45 N/A a-1. Assuming that icebreaker designates the forward contract as a cash flow hedge of a foreign currency entries for the import purchase and foreign currency forward contract in U.S. dollars. 0-2. What is the Impact on 2020 net Income? 8-3. What is the impact on 2021 net Income? a-4. What is the impact on net income over the two accounting periods? b-1. Assuming that Icebreaker designates the forward contract as a fair value hedge of a foreign currency entries for the Import purchase and foreign currency forward contract In U.S. dollars. b-2. What is the impact on net Income in 2020 and in 2021? b-3. What is the impact on net income over the two accounting periods