Lara Corp is a Canadian company that makes chocolate and exports its chocolate to be sold in Ireland, which uses the Euro (). Lara's year-end is September 30, 2023 On July 31,2023, Lara received an order to ship 300,000 EUR of chocolate to a customer in Waterford on November 1, 2023. On that same day, Lara received a deposit from this customer of 90,000 EUR as a partial payment for this order. Lara exchanged these funds to Canadian Dollars on the same day. The remaining balance is due on November 30,2023. On July 31,2023 , Lara entered into a forward contract to sell 210,000 EUR on November 30 in exchange for $359,520 CAD. The goods were produced during October at a cost of $165,000 CAD. Goods were shipped (Nov 1), payment was collected (Nov 30), and the forward contract was settled (Nov 30 ) as expected. The following exchange rates were in effect (Canadian dollar equivalent to 1 ): Required: A) Prepare the journal entries required to record these events assuming Lara does not use hedge accounting. B) Prepare the journal entries required to record these events assuming Lara uses hedge accounting, designates the hedge as a fair value hedge, and uses the net method