Assuming that Maxwell designates the foreign currency option as a fair value hedge of a foreign currency receivable, prepare journal entries for the export sale and related hedge in U.S. dollars. (Do not round intermediate calculations, If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Maxwell must close its books and prepare its second-quarter financial statements on June 30. a-1. Assuming that Maxwell designates the foreign currency option as a cash flow hedge of a foreign currency recelvable, prepare journal entries for the export sale and related hedge in US dollars. a-2. What is the impact on net income over the two accounting periods? b-1. Assuming that Maxwell designates the foreign currency option as a fair value hedge of a foreign currency recelvable, prepare journal entries for the export sale and related hedge in US, dollars b-2. What is the impact on net income over the fwo accounting periods? Answer is not complete. Complete this question by entering your answers in the tabs below. What is the impact on net income over the two accounting penods? (Do not round intermediate calculations. Negative amount should be entered with a minus sign.) Maxwell must close its books and prepare its second-quarter financial statements on June 30 . a-1. Assuming that Maxwell designates the foreign currency option as a cash flow hedge of a foreign currency receivable, prepare journal entries for the export sale and related hedge in US, dollars. a-2. What is the impact on net income over the two accounting periods? b-1. Assuming that Maxwell designates the foreign currency option as a fair value hedge of a foreign currency receivable, prepare joumal entries for the export sale and related hedge in US. dollars: b. 2. What is the impact on net income over the two accounting periods? (8) Answer is not complete. Complete this question by entering your answers in the tabs below. What is the impact on net income over the two accounting periods? (Do not round intermediate calculations. Negative amount should be entered with a minus sign.) Assuming that Maxwell designates the foreign currency option as a fair value hedge of a foreign currency receivable, prepare journal entries for the export sale and related hedge in U.S. dollars. (Do not round intermediate calculations, If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Maxwell must close its books and prepare its second-quarter financial statements on June 30. a-1. Assuming that Maxwell designates the foreign currency option as a cash flow hedge of a foreign currency recelvable, prepare journal entries for the export sale and related hedge in US dollars. a-2. What is the impact on net income over the two accounting periods? b-1. Assuming that Maxwell designates the foreign currency option as a fair value hedge of a foreign currency recelvable, prepare journal entries for the export sale and related hedge in US, dollars b-2. What is the impact on net income over the fwo accounting periods? Answer is not complete. Complete this question by entering your answers in the tabs below. What is the impact on net income over the two accounting penods? (Do not round intermediate calculations. Negative amount should be entered with a minus sign.) Maxwell must close its books and prepare its second-quarter financial statements on June 30 . a-1. Assuming that Maxwell designates the foreign currency option as a cash flow hedge of a foreign currency receivable, prepare journal entries for the export sale and related hedge in US, dollars. a-2. What is the impact on net income over the two accounting periods? b-1. Assuming that Maxwell designates the foreign currency option as a fair value hedge of a foreign currency receivable, prepare joumal entries for the export sale and related hedge in US. dollars: b. 2. What is the impact on net income over the two accounting periods? (8) Answer is not complete. Complete this question by entering your answers in the tabs below. What is the impact on net income over the two accounting periods? (Do not round intermediate calculations. Negative amount should be entered with a minus sign.)