Mala Exporting is a company that is engaged in manufacturing. On November 30, 2021 Mala Exporting imported merchandise from Singapore in the amount of S$ 1,000,000 which will be paid on March 31, 2022. At the same time, Mala Exporting also made a forward contract to buy $$1,000,000 which is due on March 31, 2022 at the rate of S$ 1 = IDR 13,000 Information about the Singapore dollar exchange rate regarding import feesis as follows: Forward rate Spot rate of S$1 November 30, 2021 IDR 12,300 IDR 13,000 IDR 12,200 IDR 12,600 IDR 13,250 December, 31, 2021 March 31, 2022 On March 31, 2022, foreign exchange contracts are due. On the same date Mala Exporting also paid the accounts due. Question: 1. Whether a singapore dollar buy contract transaction of S$ can be classified ashedging or speculation. Give the exact reason 2. Present the journal that the company must record on November 30, 2021, December 31, 2021 and March 31, 2022 and present its calculations.