(Accurate answers please)

3 Brandlin Company of Anaheim, California, sells parts to a foreign customer on December 1, 2017, with payment of 16,000 korunas to be received on March 1, 2018. Brandlin enters into a forward contract on December 1,2017, to sell 16,000 korunas on March 1, 2018 Relevant exchange rates for the koruna on various dates are as follows: 10 poirts Forvard Rate Date Decesber 1, 2017 Decenber 31, 2017 March 1, 2018 Spot Rate (to March 1, s 2.775 2.900 N/A 2.70 2.95 Brandlin's incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent ( Puferenicespercent per month) is 09803 Brandlin must close its books and prepare financial statements at December 31. a-1. Assuming that Brandlin designates the forward contract as a cosh flow hedge of a foreign currency receivable and recognizes any premium or discount using the straight-line method, prepare journal entries for these transactions in U.S dollars a-2. What is the impact on 2017 net income? a-3. What is the impact on 2018 net income? a-4. What is the impact on net income over the two accounting periods? b-1 Assuming that Brandlin designates the forward contract as a fair value hedge of a foreign curency receivable, prepare journal entries for these transections in US. dollars b-2 What is the impact on 2017 net income? b-3 What is the impact on 2018 net income? b-4 What is the impact on net income over the two accounting periods