On Hane 1, Parkef Mae Corporation (a US. based company) recelved an order to sell goods to a foreign customer at a price of 155,000 . francs. Parker. Mae will ship the goods and receive payment in three months, on September 1. On Jume 1, Parker-Mae purchased an forelgn cutrency firm commitment. The option's time value is excluded in assessing hedge effectiveness, and the change in tumevalue is recognitod in net income. The fair value of the firm commitment is measured by referring to changes in the spot infe fdiscouriting fo present value is ignored). Relevant exchange rates and option premiums for the franc are as follows: Parker-Mae Corporatlon must close its books and prepare its second-quarter financial statements on June 30. a. Prepare journal entrles for the foreign currency option, foreign currency firm commitment, and export sale. b. What is the impact on net income in each of the two accounting periods? c. What is the amount of net cash inflow resulting from the sale of goods to the foreign customer? Complete this question by entering your answers in the tabs below. Prepare journat entries for the foreign currency option, foreign currency firm commitment; and export sale. (If no entry 8