can someone help please?

Stetson, a U.S. company, purchased inventory from Bennett, a supplier in Mexico, on 12/1/21. The purchase price was 235,000 pesos, and Stetson will pay the balance due on 4/1/22. Stetson also enters into a forward contract on 12/1/21 to purchase 235,000 pesos on 4/1/22. Relevant exchange rates for the problem are below. Date Spot Rate Forward Rate (to 4/1/22) $3.50 $3.575 12/1/2021 12/31/2021 4/1/2022 $3.60 $3.75 $3.700 N/A Prepare all required journal entries for Stetson relating to the inventory purchase and forward contract. Stetson's fiscal year ends on 12/31 of each year