NA GOAT Agriculture selis approximately 600,000 bushels of Grain each month. On Jan 1 2015, GOAT option to sell 600,000 bushels of grain on Jan 1 2017, at a price of 31 25 per bushel The market in 2015 is $1.25 per bushel, GOAT had to pay $90,000 to purchase thun gran put option, which is hedge agains price decreases for ist Jan 14 2017 sales of grain On December 31" 2015, the price of grain is $1.75 per bushel. Because there is still time for the is of grain to potentially fall below $1.25 per bushel before the option expires (thus making it advantages to exercise the option) the option has a value on December 31" 2015, of $23,000) (This option already has TVIA Neon On December 31, 2016, the price of grain is $1.35 per bushel Make all journal entries necessary on GOAT'S books in 2015, 2016, and 2017 to record this option and the sale of 600,000 of grain in January 2017 Juni 125 12/31/15 1.75 Select the appropriate account titles in the shaded cells from below: No Entry Required Accumulated other comprehensive income Cash Interest Expense Comprehensive income Loss on Grain put option Grain put option Sales Journal Cred Debit