Hedging a Forecasted Sale Transaction On December 10, 2017, Daisy Foods, a U.S. company, anticipates sales in the amount of A\$45,000,000 to an Australian customer, payment in Australian dollars to be received at the end of May 2018. On December 10, 2017, Daisy Foods enters a forward contract for the sale of A\$45,000,000 for a total price of $39,793,500 on May 31,2018 . The forward contract qualifies as a hedge of the forecasted sale. On March 1, 2018, Daisy delivered the merchandise to the Australian customer. On May 31 , 2018, Daisy received A$45,000,000 from the customer, and delivered it to the broker to close the forward contract. Daisy Foods' accounting year ends January 31 . Relevant exchange rates ( $/A$ ) are as follows; Prepare the journal entries to record the above events, including January 31, 2018 adjusting entries