On November $1,2023,$ Cheng Company $($a U$.$S$.-$based company$)$ forecasts the purchase of goods from a foreign supplier for $100,000$ yuan. Cheng expects to receive the goods on April $30,2024,$ and make immediate payment. On November $1,2023,$ Cheng enters into a six$-$month forward contract to buy $100,000$ yuan. The company properly designates the forward contract as a cash flow hedge of a forecasted foreign currency transaction. Forward points are excluded in assessing hedge effectiveness and are amortized to net income using a straight$-$line method on a monthly basis over the life of the contract. The following U$.$S$.$ dollar$-$Yuan exchange rates apply:

$\backslash$table$[[$Date$,$Spot Rate,$\backslash$table$[[$Forward Rate $($to$],[$April $30,2024)]]],[$November $1,2023,$$$0\mathrm{.}21,$$$0\mathrm{.}195$

Entry A$-$Record forecasted sale in the six month forward contract to buy a $100,000$ yuan

Entry B$-$Record for contract at its fair value as an asset or liability

Entry C$-$Record the entry to amortize the forward contract premium or discount

Entry D$-$Record entry to adjust the forward, contract asset or liability to its fair value

Entry E$-$Record the entry to amortize the forward, contract, premium or discount

Entry F$-$Record the settlement of the forward, contract and close the forward, contract asset or liability account

Entry G$-$Record the purchase of inventory

Entry H$-$Record the entry to transfer the cost of inventory to cost of good sold

Entry I$-$Record the entry to close accumulated other comprehensive income