A Company purchased equipment worth Y10,000,000 from B Company. The sale was made June 1,2010 and it will be paid in Yen on January 31, 2011. The A Company closes its books every December 31. A Company paid the Y10,000,000 on January 31, 2011. 7. What is the value of the equipment purchased from B in peso? 8. What is the value in peso of the Y10,000,000 received by the A Co on January 31, 2011 from the forward contract broker? 9. Is the move to enter into a forward contract favorable or ynfavourable for A Co? By how much is it favorable or unfavorable? 10. What is the total liability of A Co to B Company in peso on the settlement date? 11. What is the value of the forward contract on December 31,20010