Can someone please help me with the journal entries for this fair value hedge. There are questions A through F and they al require journal entries. The information for the questions are in the image. Thank you so much! Please be specific with the journal entries

On 1 October 20X4 Smiths Company, which produces aluminum had 1,000 tons of aluminum that cost $1,200,000 to produce. Management chooses to hedge the aluminum position against a decline in aluminum prices (a fair value hedge) OR against the exposure to variability in cash flows (cash flow hedge) by selling aluminum futures contracts to sell 1,000 tons of aluminum at $1,550 per ton. The futures contracts mature in March 20X5 which coincides with the date management expects to sell the aluminum. A summary of the aluminum spot and futures prices on relevant dates is as follows: Aluminum Prices per ton in $US Futures prices for delivery on 3/20/XS $1,550 $1,500 $1,405 Date Spot PriceFu 10/1/X4 12/31/X4 $1,500 $1,455 $1,405 3/20/x5 The contract has no value at inception and no margin deposit was required. Assume that Smiths' management designates the derivative as a fair value hedge. Hint: you can use an account labeled 'Futures Contracts' to reflect the position Smiths has on the derivative. Please record required transactions on the following dates: a) Adjusting journal entries on 12/31/X4 b) Adjustments on 3/20/X5. c) Net settlement of the futures contracts on 3/20/X5 d) Sale of the aluminum on 3/20/x5