Hi - I need this homework question answered. I can pay for it but I'm not sure how to set that up. Please let me know. thanks D

Question Two: Pumped Up Company purchased equipment from Switzerland for 140,000 francs on December 16, 2011 with payment due on February 14, 2010. On December 16, 2011 Pumped Up also acquired a 60 day forward contract to purchase francs at a forward rate of SFR 1 - $.67. On December 31, 2011, the forward rate for an exchange on February 14, 2012 is SFR - $.695. The spot rates are as follows: 12/16/2011 12/31/2011 2/14/2012 1 SFR 1 SFR 1 SFR equals equals equals $ .68 $ .70 $ .69 Required: Use the following information for Parts A, B, and C. Assume the forward contract is not designated as a hedge but is entered into to manage the company's foreign currency exposed accounts payable. A. Prepare journal entries for Pumped Up to record the purchase of the equipment, all entries associated with the forward contract, the adjusting entries on December 31 and entries to record revaluations and payments on February 14, 2012. B. What was the effect on the statement of income of the foreign currency transactions, include both the accounts payable and the forward contract for the year ended December 31, 2011? C. What was the overall effect on the statement of income of these transactions from December 16, 2011 to February 14, 2012? Use the following information for Parts D and E. Assume the forward contract is designated as a cash flow hedge of the variability of the future cash flows from the foreign currency payable account. The company uses the forward exchange contract rate to assess effectiveness. D. Prepare journal entries for Pumped Up to record the purchase of equipment, all entries associated with the forward contract, the adjusting and reclassification entries on December 31, 2011 and entries to record the revaluations and payment on February 14, 2012. E. What is the remaining balance in "Other Comprehensive Income" as of February 14, 2012? When will this amount be reclassified into earnings? Technical Resourse for Take Home Problem FASB 138 (ASC 815)--Permitted hedging recognized foreign currency denominated assets or liabilities with either cash flow or fair value hedges but still requires the foreign currency denominated asset or liability to be valued according to the provisions of FASB 52 foreign currency transaction gain or loss on the revaluation of the foreign currency denominated accounts payable or receivable