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Brandlin Company of Anaheim, California, purchases materials from a foreign supplier on December 1, 2017, with payment of 17000 korunas to be made on March 1, 2018. The materials are consumed immediately and recognized as cost of goods sold at the date of purchase. On December 1, 2017, Brandlin enters into a forward contract to purchase 17,000 korunas on March 1, 2018. Relevant exchange rates for the koruna on various dates are as follows: Spot Rate Date December 1, 2017 December 31, 2017 March 1, 2018 Forward. Rate (to March 1, 2018) $ 3.575 3.700 N/A 3.75 March 1, 2018 Brandlin's incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent (1 percent per month) is 0.9803. Brandlin must close its books and prepare financial statements at December 31. rences b-2. Assuming that the purchased parts became a part of the cost of goods sold in 2017, what is the impact on net income in 2017 and in 2018? b-3. What is the impact on net income over the two accounting periods? (Do not round Intermediate calculations. Round your answers to 2 decimal places. In case of negative impact on income, answer should be entered with a minus sign.) Show less b-2. Impact on 2017 income b-2 Impact on 2018 Income -3. Impact on net income over 2017 and 2018