(c) Worried that the Canadian dollar may depreciate relative to the MXN, on December 3, Year 5, EDI decided to buy a forward contract from the Royal Bank at the 120-day forward rate of MXN1 = $0.079 when the spot rate was still MXN1 = $0.077. On December 31, Year 5, the forward rate with maturity on April 1, Year 6 was MXN1=$0.078. No hedge accounting is applied. (i) Show all the journal entries to record both the purchase and the forward contracts for both Year 5 and Year 6. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 00 Record the settlement of forward contract in cash on April 1, Year 6. Note: Enter debits before credits. Date April 1, Year 6 General Journal Debit Credit Forward contract 9,500 Cash (MXN) Cash Record entry Clear entry View general journal