Jenkins Corporation, a U.S. sporting goods manufacturer, had several foreign exchange transactions during 2020 and 2021. 2020 10/01/20 Jenkins sold land it owned in Malaysia to a Malaysian firm for 1,125,000 ringgits. Payment is to be received in ringgits in six months on April 1, 2021. The spot rate for the ringgit is $0.24. 11/01/20 Contracted to deliver inventory to a firm in Poland on January 31, 2021. The con tract was for 725,000 zloty due on May 1, 2021. To hedge against the future commit- ment, Jenkins acquired a forward exchange contract. The six-month contract is to sell 725,000 zloty to the broker on June 1, 2021 at a forward rate of $0.30. The spot rate on November 1, 2020 is $0.35. 12/31/20 Adjusted the accounts when the spot/current rate and forward rate for the zloty is $0.28 and $0.31, respectively, and the current rate for the ringgit is $0.26. 2021 01/31/21 Delivered inventory to the firm in Poland. Jenkins uses the perpetual system to record inventory transactions and the cost to manufacture the inventory was $200,000. The spot rate and forward rate for zloty is $0.37 and $0.36, respectively Required prepare all journal entries to record the above transactions through January 31, 2021. prepare journal entries to record the transactions on April 1, 2021 (spot rate for the ringgit = $0.23) and May 1, 2021 (spot rate and forward rote for the zloty=$0.33). Optional: Jenkins Corporation, a U.S. sporting goods manufacturer, had several foreign exchange transactions during 2020 and 2021. 2020 10/01/20 Jenkins sold land it owned in Malaysia to a Malaysian firm for 1,125,000 ringgits. Payment is to be received in ringgits in six months on April 1, 2021. The spot rate for the ringgit is $0.24. 11/01/20 Contracted to deliver inventory to a firm in Poland on January 31, 2021. The con tract was for 725,000 zloty due on May 1, 2021. To hedge against the future commit- ment, Jenkins acquired a forward exchange contract. The six-month contract is to sell 725,000 zloty to the broker on June 1, 2021 at a forward rate of $0.30. The spot rate on November 1, 2020 is $0.35. 12/31/20 Adjusted the accounts when the spot/current rate and forward rate for the zloty is $0.28 and $0.31, respectively, and the current rate for the ringgit is $0.26. 2021 01/31/21 Delivered inventory to the firm in Poland. Jenkins uses the perpetual system to record inventory transactions and the cost to manufacture the inventory was $200,000. The spot rate and forward rate for zloty is $0.37 and $0.36, respectively Required prepare all journal entries to record the above transactions through January 31, 2021. prepare journal entries to record the transactions on April 1, 2021 (spot rate for the ringgit = $0.23) and May 1, 2021 (spot rate and forward rote for the zloty=$0.33). Optional