On October 1, 2020. Mertag Company (a U.S.based company) receives an order from a customer in Poland to deliver goods on January 31, 2021, for a price of 1,000,000 Polish zlotys (PLN). Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months (on January 31, 2021). U.S. dollar-Polish zloty exchange rates are as follows: Mertag designates the forward contract as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the forward rate, and, therefore, forward points are included in assessing hedge effectiveness, Mertag must close its books and prepare financial statements on December 31 . Discounting to present value can be ignored. o. Prepare journal entries for the foreign currency forward contract, foreign currency firm commitment, and export sale. b. Determine the net benefit, if any, realized by Mertag from entering into the forward contract Complete this question by entering your answers in the tabs below. Frepare journal entries for the foreign currency fonward contract, foreign currency firm commitment, and export sale. (Do not round intermediate calculstions. If no entry is required for a trantodionvevent, select "No journal entry requirnd" in the first account field.) Journal entrv workshant