Shapdify Inc. of Ottawa placed an order on October $15,$ with a supplier to purchase $10,000$ keyboards at $300$ Foreign Currency units $($FC$)$ each. The terms of the order were that the

keyboards were to be delivered to Ottawa on December $1,$ Year $2.$ Payment is due to be made on April $1,$ Year $3.$ The keyboards were duly delivered on December $1,$ Year $2.$ Shapdify's

year end is December $31.$

Rates of exchange between the Canadian dollar and the FC were as follows:

October $15,$ Year $2$

December $1$ and $2,$ Year $2$

December $31,$ Year $2$

April $1,$ Year $3$

$C$$$1\mathrm{.}00=FC280$

$C$$$1\mathrm{.}00=FC300$

$C$$$1\mathrm{.}00=FC290$

$C$$$1\mathrm{.}00=FC305$

Required

$($a$)$ From the information provided above, give the journal entries to record the above transactions in the books of Shapdify Inc. from ordering through to paying for the goods.

$($b$)$ If Shapdify Inc. entered into a hedge on October $15,$ Year $2,$ would the hedge be a hedge of a forward purchase contract or the hedge of an existing monetary liability?

$($c$)$ If Shapdify decided to hedge the amount payable on December $2,$ Year $4,$ what type of hedge accounting can be used according to IFRS $9?$