please complete yhr question step by step accordingly $.$pictures attatched

a$-1.$ Assuming that Maxwell designates the foreign currency option as a cash flow hedge of a foreign currency receivable, prepare journal entries for the export sale and related hedge in U$.$S$.$ dollars. $12$ entries

a$-2.$ What is the impact on net income over the two accounting periods?

b$-1.$ Assuming that Maxwell designates the foreign currency option as a fair value hedge of a foreign currency receivable, prepare journal entries for the export sale and related hedge in U$.$S$.$ dollars. $12$ entries

b$-2.$ What is the impact on net income over the two accounting periods?