information needed is in first pic with question. Need questions 24&25

Assume our U.S.-based with an England-based reta sell 75,000 units of an inve e following facts for Multiple Choice problems 24 through 26: US-based company's functional currency is the SUS and it enters into a forecasted transaction land-based retailer on December 1, 2018. The forecasted transaction requires our company to 6000 units of an inventory item costing 12 each to the English company. Our company is contractu- ommitted to ship the inventory (i.e., title transfers) on March 1, 2019, with payment in British pounds the same date. Our company does recurring business with the English company, but this arrangement e not qualify as a firm commitment. Also assume, on December 1, 2018, our company enters into a contract with a foreign currency exchange broker to sell British pounds (for settlement on March 1, 2019) to mitigate the risk of exchange rate fluctuation. This derivative qualifies as a cash flow hedge. The relevant exchange rates and related balances for the period from December 1, 2018, to March 1, 2019. are as follows: Derivative Forward Spot Rate (SUS = 1) Forward Rate (SUS = 1) Date FV Change in FV 1.37 December 1, 2018 ....... December 31, 2018 ...... March 1, 2019. 1.32 1.41 1.46 1.44 1.46 $(63,000) (81.000) $(63,000) (18,000) For settlement on March 1, 2019 "Ignore discounting in the computation of fair values. 24. Recording transa cording transactions qualifying as cash flow hedges of forecasted foreign-currency denominated sales Q. $0 b. $1,188,000 le quarter ended December 31, 2018, what net amount will our company recognize as sales? c. $1.269,000 d. $1.296,000 LO2 25. Recording transactions qualifying as cash flow hedges of forecasted foreign-currency- denominated sales For the quarter ended December 31, 2018, what amount will our company recognize in other compre- hensive income? a. The gains and losses will net to $0 in other comprehensive income b. $63,000 of gains in other comprehensive income C. $63,000 of losses in other comprehensive income d. $81,000 of gains in other comprehensive income