Syrup Inc. (Syrup) sells maple syrup to many clients around the world. On December 1, 2022, the company shipped maple syrup to a client in the U.S. The selling price was established at US$180,000 with payment to be received on March 1, 2023. On December 3, 2022 the company entered into a hedge with a Canadian bank at the 90-day forward rate of US$1 = CDN$1.238. The forward contract was designated as a cash flow hedge of the amount due from the American customer. Syrup uses the net method to record the forward contract. Syrup received the payment from its American client on March 1, 2023. The company's year-end is on December 31. The two-month forward rate for US dollars was CDN$1.255 on that date. Selected spot rates were as follows: December 1, 2022: Spot Rates = Forward Rates US$1 CDN$1.2355 December 3, 2022: US$1 CDN$1.2355 US$1 CDNS1.238 December 31, 2022 March 1, 2023: US$1 = CDN$1.2455 US$1 CDN$1.2480 = US$1 CDN$1.256 US$1 = CDNS1.2480 Prepare a partial balance sheet for Syrup on December 31, 2022 showing the account receivable from the American client as well as the accounts associated with the hedge. (6 marks)