Forward exchange contract designated as a fair value hedge of a foreign-currency-denominated firm commitment to purchase equipment, strengthening $ US March 20, 2022. We wi period are as follows: Note: If no entry is required, select "No entry" as your answers under Description and leave the debit and credit answers blank (zero). Hedged Transaction b. Reconcile to the forward rate at the forward contract's inception the net cash paid for both the equipment purchase and the settlement of the forward-contract derive. Note: Do not use a negative sign with your answer. Net cash paid for equipment purchase and settlement of the forward contract derivative is: Forward exchange contract designated as a fair value hedge of a foreign-currency-denominated firm commitment to purchase equipment, strengthening $ US March 20, 2022. We wi period are as follows: Note: If no entry is required, select "No entry" as your answers under Description and leave the debit and credit answers blank (zero). Hedged Transaction b. Reconcile to the forward rate at the forward contract's inception the net cash paid for both the equipment purchase and the settlement of the forward-contract derive. Note: Do not use a negative sign with your answer. Net cash paid for equipment purchase and settlement of the forward contract derivative is