please answer this.

4. On 1 February 2020 Teddy's Toys Pty Ltd enters into a contract to purchase inventory from a supplier in the US. The toys are to be delivered on 31 August 2020. $220,000 USD is payable on delivery. Teddy's Toys takes out a forward contract on 1 February 2020 to purchase $220,000 USD on 31 August 2020 at AUD/USD 0.67. At 30 June 2020, the forward rate for 31 August is AUD/ USD 0.65 a. What is the economic hedge objective for Teddy's Toys Pty Ltd? b. Prepare the required journal entry at 30 June 2020 for Teddy c. Prepare the required journal entries at 31 August 2020 for Teddy