Forward exchange contract designated as a cash flow hedge of a foreign$-$currency$-$denominated forecasted sale of inventory, strengthening sUS

"For settiement on February $1,2019$

b ignore discounting in the computation of fair values.

a$.$ Prepare the journal entries to record the sale and all adjustments required for the forecasted sale and forward contract at Octaber $15,2018,$ December $31,2018,$ and February $1,2019.$

Note: If no entry is required, select $"$Na entry" as your answers under Description and leave the debit and credit answers blank $($zero$).$

Hedged Transaction

CF Hedge

b$.$ Reconcile to the forward rate as the forward contract's inception the net cash received for both the sale of goods and the settiement of the fonward$-$contract derivative.

Net cash received for sale of goods and settiement of the forward contract derivative is:

$5$

c$.$ What amount of sales was recognized in the quarter ending December $31,2018?$

Note: Do not use a negative sign with any of your answers below.

What amount of sales was recognized in the quarter ending March $31,2019?$

What is the total arnount of sales recognized across the quarters ending December $31,2018,$ and March $31,2019?$