Indigo is a Canadian company that conducts many transactions in $US. Because the price of $US fluctuates daily, Indigo often enters into futures contracts as a way to manage risk. On September 1, 2023, Indigo entered into a future contract to sell US $108,000 for CDN $1.30, which was the market value on September 1. The broker with whom Indigo arranged the contract required a 15% deposit, which Indigo paid in cash. On December 31 Indigo's year-end, the price per $US was CDN $1.35. On January 1, Indigo closed out the contract at the same exchange rate, settling without delivering the cash. Prepare the journal entries to record the futures contract. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date September 1, 2023 Account Titles and Explanation Derivatives - Financial Assets/Liabilities Gain or Loss on Derivatives December 31, 2023 Gain or Loss on Derivatives December 31, 2023 Derivatives - Financial Assets/Liabilities (To record loss on derivative.) Derivatives - Deposits Cash (To record additional deposit.) January 1, 2024 Cash Derivatives - Financial Assets/Liabilities Derivatives - Deposits Debit 4154 16200 C