the current answers on chegg do not,match .. answers are incorrect on chegg currently

Brandlin Company purchases materials from a foreign supplier on December 1, 2015, with payment of 16,000 korunas to be made on March 1, 2016. The materials are consumed immediately and recognized as cost of goods sold at the date of purchase. On December 1, 2015, Brandlin enters into a forward contract to purchase 16,000 korunas on March 1, 2016. Relevant exchange rates for the koruna on various dates are as follows Forward Rate Spot Rate (to March 1, 2014) Date December 1,2015 December 31,2015 March 1, 2016 $ 2.70 2.80 2.95 S 2.775 2.900 N/A Brandlin's incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent (1 percent per month) is 0.9803 Brandlin must close its books and prepare financial statements at December 31 a-1. Assuming that Brandlin designates the forward contract as a cash flow hedge of a foreign currency payable and recognizes any premium or discount using the straight- line method, prepare journal entries for these transactions in U.S. dollars. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your answers to 2 decimal places.)