Remle Corporation is a U.S. corporation that sold merchandise a foreign manufacturer on March 1, 2019 for 200,000 foreign currency units. The funds will be received on April 30, 2019. On March 1, 2019 Wolters also entered into a forward contract to sell 200,000 foreign currency units on April 30, 2019. Remle has a March 31 year end. Exchange rates are as follows: Date Spot Rate Forward Rate 3/1/19 $0.69 $0.65 3/31/19 $0.61 $0.63 4/30/19 $0.66 $0.66 Required: Prepare the journal entries to record the transactions through April 30, 2019. March 31 is the fiscal period end. Ignore the split between spot gain/loss and time value and Cost of Goods Sold.