On December 1, 2020, Platform, Inc. entered into a 1-year contract with a multinational financial services giant to provide air transport to its executives. Under the contract, Platform will be paid EUR 1,000 per kilometer for 12,000 minimum guaranteed kilometers per annum. Payment shall be made at the end of each quarter. Platform obtained an aircraft on a wet lease (i.e., a lease of aircraft together with crew and maintenance, etc.). Since almost all of Platform's costs are denominated in USD, it enters into a 3-month forward contract to sell EUR 3,000,000 forward at USD 1.5/EUR. At its financial year end, i.e., December 31, 2020, USD had appreciated to 1.45/EUR and the company had operated a total of 1,000 kilometers over the one-month period. By the end of February 2021, i.e., at the end of first quarter of the contract, the company had provided services for 3,100 kilometers. Exchange rate at the quarter end was USD1.44/EUR. Provide journal entries for Platform's hedging activity on 12/1/2020, 12/31/2020, and 2/28/2021