On June 1, Alexander Corporation sold goods to a forcign customer at a price of 1,000,000 pesos. It will receive payment in three months on September 1. On June I, Alexander acquire an option to sell 1,000,000 pesos in three months at a strike price of $0.062. Relevant exchang rates and option premiums for the peso are as follows: Date June 1 June 30 September1 Spot Rate $0.062 0.066 0.061 Put Option Premium for September 1 (strike price $0.062) 0.0025 0.0018 N/A Alexander must close its books and prepare its second-quarter financial statements on June 30 Assuming that Alexander designates the foreign currency option as a cash flow a. hedge a foreign currency receivable, prepare journal entries for these transactions in U.S a foreign currency receivable, prepare journal entries for these transactions in U.S. dollars. What is the impact on net income over the two accounting periods? b. Assuming that Alexander designates the foreign currency option as a fair value h dollars. What is the impact on net income over the two accounting periods