Icebreaker Company (a U.5-based company) purchases materials from a forelgn supplier on December 1, 2020, with payment of 23,000 dinars to be made on March 1, 2021. The materials are consumed immedtately and recognized as cost of goods sold at the date of purchase. On December 1, 2020, Icebreaker enters into a forward contract to purchase 23,000 dinars on March 1,2021 . Reievant exchange rates for the dinar on various dates are as follows: a-1. Assuming that icebreaker designates the forward contract as a cash llow hedge of a foreign culrency payable, prepare journal entries for the import purchase and foreign cutrency forward contract in U.S. dollars. 0.2. What is the impact on 2020 net income? a.3. What is the lmpact on 2021 net income? a-4. What is the impact on net income over the two accounting periods? b-1. Assuming that lcebreaker designates the forward contract as a fair value hedge of a forelgn currency payable, prepare journal entries for the import purchase and foreign currency forward contract in U.S. dollars. b.2. What is the impact on net income in 2020 and in 2021 ? b-3. What is the impact on net income over the two accounting periods? Complete this question by entering your answers in the tabs below. Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency payable, prepare fournal entries for the import purchase and forelgn currency forward contract in U.S. dollars. (If no entry is required for a transaction/event, select "No fournal entry required" in the first account fleld. Do not round intermedlate calculations.) Assuming that Icebreaker designates the forward contract as a cash flow hedge of a foreign currency payable, prepare journal the import purchase and foreign currency forward contract in U.S. dollars. (If rio entry is required for a transaction/event, sele fournal entry required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Note: Enter debits before credits