please let me know if this is discount ecpense or premiim revenue i cant tell

AutoSave On Exam 2 Portugal Template-Hoy Caldwell - Excel File Home Insert Page Layout Formulas Data Review View Help O Search H65 A B Portugal Version Forward Contract Cash Flow Hedge of a Recognized Foreign Currency Liability Notional Amount 1,000,000 Francs Discount Rate 0.94 3 . . 1000 ACCOUNTS Payable (Francs) Total DE O PR Spot Rate FORWARD CONTRACT Forward Rate Fair Value Change in Fair Value Fair Value Change in Fair Value Date 30,000 3 $ 1,150,000 8/1/Y1 1.12 1.15 XXXXXX 1,150,000 $ 3 15.000 $ (20,000) 12/31/Y1 1.13 $ 1.130,000 $ 1.11 (9,400) (9,400) S $ (30,000) 15,000 1.10 1.10 $ (10,600) 1,100,000 $ 5/31/Y2 (20,000) $ DR CR P&L Impact Journal Entries Account Inventory $ 1,150,000 8/1/41 S 1,150,000 1 Accounts Payable (20,000) S 20,000 12/31/1 2 FX Loss 20