Please solve the journal entries and cost of goods sold

Shandra Corporation (a US.-based company) expects to order goods from a foreign supplier at a price of 112.000 pounds, with delivery and payment to be made on June 15. On April 15, when the spot rate is $1.28 per pound, Shandra purchases a two-month call option on 112.000 pounds and designates this option as a cash flow hedge of a forecasted foreign currency transaction. The time value of the option is excluded in assessing hedge effectiveness; the change in time value is recognized in net income over the life of the option. The option has a strike price of $1.28 per pound and costs $1,120. The goods are recelved and paid for on June 15 . Shandra sells the fmporfed goods in the locat market immedlately. The spot rate for pounds is $1.330 on June 15. Required: a-1. Prepare all journal entries for Shandra Corporation related to this transaction and hedge. 0 -2. What amount should Shandra Corporation report in net income as cost of goods sold for the quarter ending June 30 ? b. What amount should Shandra Corporation report in net income as foreign exchange gain or loss for the quarter ending June 30 ? What amount should Shandra Corporation report in net income as cost of goods sold for the quarter ending June 30