Early August Maker USA anticipated the purchase of inventory around October 2020 from a foreign company at a cost of 1,000,000 foreign currency units (FCU). On 8/10/2020, Maker paid $12,000 to purchase a call option to buy 1 million FCU at a strike price of $0.255 expiring end of year. On October 15, 2020, the option was settled and inventory purchased and paid. 08/10/2020 08/31/2020 09/30/2020 10/15/2020 Spot Rate $0.253 $0.310 $0.362 $0.275 FV of Option $12,000 $13,500 $10,000 Required: Prepare the entries on the dates listed (Maker prepared monthly financial statements). Early August Maker USA anticipated the purchase of inventory around October 2020 from a foreign company at a cost of 1,000,000 foreign currency units (FCU). On 8/10/2020, Maker paid $12,000 to purchase a call option to buy 1 million FCU at a strike price of $0.255 expiring end of year. On October 15, 2020, the option was settled and inventory purchased and paid. 08/10/2020 08/31/2020 09/30/2020 10/15/2020 Spot Rate $0.253 $0.310 $0.362 $0.275 FV of Option $12,000 $13,500 $10,000 Required: Prepare the entries on the dates listed (Maker prepared monthly financial statements)