Dom Company, on November 1, 2015, contracts to purchase a machine for 200,000 from for company The machine will be delivered January 30, 2016, and payment is due March 1, 2016. The year end is December 31. Dom Co. hedges the commitment right away and designates this as a cash flow hedge. Dom Co. will account for the hedge using the gross method. Rates spot rate Forward rate to mar. 1, 2016 sign contract Nov. 1 1 1.5 1.51 year end Dec-31 1 1.505 1.513 delivery date Jan-30 1 1.53 1.534 settlement date Mar. 1 1 1.54 Required: Prepare all journal entries related to the hedge and the underlying purchase or sale. Use the gross method ( record the hedge using a JE; not a memorandum entry). Prepare journal entries in standard form