A Moving to the next question prevents changes to this answer. Question 3 of 4 Question 3 10 points Save Answer Duck Corporation "forecasted on December 21, 2020 to sell a machine to a company in Italy. The selling price was 500,000 euros, to be paid on March 21, 2021. To hodge against fluctuations in the exchange rate, Duck entered into a forward contract on Dec. 21, 2020 to soll 500,000 curos on March 21, 2021, tho agreed date of machine delivery, for $1.227 per euro. The company ends its fiscal year on December 31. The following exchange rates were quoted: Forward Rato Date Spot Rato (Delivery on 3/21/2020) 12/21/2020 1.228 1.227 12/31/2020 1.222 1.221 3/21/2021 1.225 Required: A Prepare all journal entries relative to the above event on December 21, 2020, B. Prepare all journal entrios rolotive to the above event on December 31, 2020 C. Prepare all journal entrion relative to the above event on March 21, 2021. For the toolbar, press ALT=10(PC) or ALTHEN+F10 (Mach. BIUS Paragraph System Font 12pt ili > >