Duck Corporation "forecasted" on December 21, 2020 to sell a machine to a company in Italy. The selling price was 500,000 euros, to be paid on March 21, 2021. To hodge against fluctuations in the exchange rato, Duck entered into a forward contract on Dec. 21, 2020 to sell 500,000 euron on March 21, 2021, the agroed date of machine delivery, for $1.227 per euro. The company ends its fiscal year on December 31. The following oxchange rates wore quoted: Forward Rate Date Spot Rato (Dolivery on 3/21/2020) 12/21/2020 1.228 1.227 12/31/2020 1.222 1.221 3/21/2021 1.225 Required: A. Prepare all joural entries relative to the above event on December 21, 2020. 8. Propare all journal entrion relativo to the above event on Docember 31, 2020. C. Prepare al journal entrien rolative to the above evert on March 21, 2021.