On March 2022, a company purchased a futures contract for 5.000 barrels of oil at $38 per barrel to hedge the cost of a future purchase. The contract specified delivery on April 30, 2022. Spot prices for crude oil during the contract period are provided below: March March 1 APAZ Price of crude oil (per Sarrel 333 $54 $47 On April 27, the company purchased the needed 5,000 barrels of oil at the market price of $47. The company also settled the futures contract on this date (assume cash settlement) Use the information above to answer the questions below Prepare any journal entry needed for the change in value of the futures contract on March 31 View transaction that Journal entry worksheet Prepare any oumal entry needed for the change in value of the futures contract Nabe: Enter debits before credib Account Title Debit Credit S No Date March 31