please be sure to assist me and as CASH FLOW HEDGE :

On December 15, 2014, Electronix Company purchassed inventory from a foreign supplier for 3,000,000 foreign currency units (fcu's). Payment to be made on February 13, 2015. On December 15, 2014, to hedge the transaction, Electronix signed a forward contract to purchase 3,000,000 fcu's in 60 days. Ignore time value of money. The forward contract will be settled NET. The related exchange rates are shown below:

Spot Rate Forward Rate to 2/13/15

December 15, 2014 $.012 = 1 fcu $.012 = 1 fcu

December 31, 2014 $.015 = 1 fcu $.016 = 1 fcu

February 13, 2015 $.017 = 1 fcu $.017 = 1 fcu

Required

Record the appropriate entries on the above dates if the hedge is a cash flow hedge.

Round to the nearest whole dollar.