Q1 (12 points).On Nov. 1, 2021 Minnesota company sold goods conting 560.000 company in Greece. The negotiated selling price was 500.000 Pounds, receivable day. 2022. On the transaction date, the spot rate for Pounds wu Pound-51.66 To protect itself against weakening drachma, the Minnesota firmed to a forwarding contact to deliver 500,000 Pounds onry 30, 2022, the settlement date for the sale. The forward exchange rate specified in the contract was 1 Podr-163 Exchange rates on December 31, 2021 and Juary 30, 2022 were as follows Spot Hate (5/1 pounds) Forward Exchange Rate ($71 pound) Dec 31, 2021 51.62 $161 Jan 30, 2022 $1.60 $1.59 *) transaction date points) With Customer With Broker b) Fiscal year-end Journal Entries (4 points) With Customer With Broker c) Settlement fournal Entries (5 points) with Customer: With Broker: Q1 (12 points).On Nov. 1, 2021 Minnesota company sold goods conting 560.000 company in Greece. The negotiated selling price was 500.000 Pounds, receivable day. 2022. On the transaction date, the spot rate for Pounds wu Pound-51.66 To protect itself against weakening drachma, the Minnesota firmed to a forwarding contact to deliver 500,000 Pounds onry 30, 2022, the settlement date for the sale. The forward exchange rate specified in the contract was 1 Podr-163 Exchange rates on December 31, 2021 and Juary 30, 2022 were as follows Spot Hate (5/1 pounds) Forward Exchange Rate ($71 pound) Dec 31, 2021 51.62 $161 Jan 30, 2022 $1.60 $1.59 *) transaction date points) With Customer With Broker b) Fiscal year-end Journal Entries (4 points) With Customer With Broker c) Settlement fournal Entries (5 points) with Customer: With Broker