Purchased goods on account from a foreign supplier costing FC2,500 on October 31, 2020 due on February 28, 2021 and entered into a forward contract to hedge this transaction on November 30, 2020. Obtained a non-cancelable sales order from a foreign customer amounting to FC5 090 for delivery on March 31, 2021. On October 31, 2020, the company entered into a forward contact to sell FC5,000 on March 31, 2021. Sold goods on account for FC3,500 on November 30, 2020 due on March 31, 2023. The following rates are available 10/31 11/30 12/31 1/31 2/28 3/31 Spot rates 5.90 6.00 6.25 5.70 5.80 5.75 5-month forward rate 7.20 7.35 7.45 6.90 6.85 6.85 4-month forward rate 7.00 7.15 7.20 7.05 6.95 6.80 3-month forward rate 6.85 7.00 7.18 6.88 6.77 6.66 2-month forward rate 6.35 6.55 6.93 6.58 6.43 6.42 1-month forward rate 6.25 6.37 6.45 6.41 6.23 6.18