please solve the requirements. there are 7 journal entries

Shandra Corporation (a U.S.-based company) expects to order goods from a foreign supplier at a price of 125,000 pounds, with delivery and payment to be made on June 15. On April 15, when the spot rate is \\( \\$ 1.26 \\) per pound, Shandra purchases a two-month call option on 125,000 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 volue is recognized in net income over the life of the option. The option has a strike price of \\( \\$ 1.26 \\) per pound and costs \\( \\$ 1,250 \\). The goods are received and paid for on June 15 . Shandro sells the imported goods in the local market immediately. The spot rate for pounds is \\( \\$ 1.310 \\) on June 15 . Required: a-1. Prepare all journal entries for Shandra Corporation related to this transaction and hedge. a-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 ? (3) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare all journal entries for Shandra Corporation related to this transaction and hedge. Note: If no entry is required for a transaction/event, select 'No Joumal Entry Required\" in the first account field