b-3. What is the impact on 2024 net income? b-4. What is the impact on net income over the two accounting periods? Complete this question by entering your answers in the tabs below. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency receivable, prepare journal entries for the sale and foreign currency forward contract in U.S. dollars. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Show less A Journal entry worksheet Assuming that Icebreaker designates the forward contract as a fair value hedge of a foreign currency receivable, prepare journal entries for the sale and foreign currency forward contract in U.S. dollars. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermedlate calculations, Journal entry worksheet \( \left\langle\begin{tabular}{ccc|ccccccc} 1 ight. \) & 2 & 3 & 5 & 6 & 7 & 8 & & 12 \end{tabular}} Record the change in the fair value of the forward contract. Notei Enter debits betore credits. b-2. What is the impact on 2023 net income? b-3. What is the impact on 2024 net income? b-4. What is the impact on net income over the two accounting periods? Complete this question by entering your answers in the tabs below. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency receivable, prepare journal entries for the sale and foreign currency forward contract in U.S. dollars. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. b-2. What is the impact on 2023 net income? b-3. What is the impact on 2024 net income? b-4. What is the impact on net income over the two accounting periods? Complete this question by entering your answers in the tabs below. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency receivable, prepare journal for the sale and foreign currency forward contract in U.S. dollars. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Journal entry worksheet