March 1, 2021 . Ihe torward points on the torward contract are excluded in assessing hedge eftectiveness and are amortized to net income using a straight-line method on a monthly basis. Relevant exchange rates for the dinar on various dates are as follows: Icebreaker must close ins books and prepare financial statements at December 31. a-1. Assuming that icebreaker designates the forward controct as a cash flow hedge of a foreign currency receivable, prepare journal entries for the sale and foreign currency forward contract in US dollars. a-2. What is the impact on 2020 net income? a-3. What is the impact on 2021 net income? a-4. What is the impact on net income over the two accounting periods? b-1. Assuming that icebreaker designates the forward contract as a fair value hedge of a foreign currency receivabie, prepare journal entries for the sale and foreign currency forward contract in US dollars. b.2. What is the impact on 2020 net income? b.3 What is the impact on 2021 net income? b.4. What is the impact on net income over the two accounting periods? March 1, 2021 . Ihe torward points on the torward contract are excluded in assessing hedge eftectiveness and are amortized to net income using a straight-line method on a monthly basis. Relevant exchange rates for the dinar on various dates are as follows: Icebreaker must close ins books and prepare financial statements at December 31. a-1. Assuming that icebreaker designates the forward controct as a cash flow hedge of a foreign currency receivable, prepare journal entries for the sale and foreign currency forward contract in US dollars. a-2. What is the impact on 2020 net income? a-3. What is the impact on 2021 net income? a-4. What is the impact on net income over the two accounting periods? b-1. Assuming that icebreaker designates the forward contract as a fair value hedge of a foreign currency receivabie, prepare journal entries for the sale and foreign currency forward contract in US dollars. b.2. What is the impact on 2020 net income? b.3 What is the impact on 2021 net income? b.4. What is the impact on net income over the two accounting periods