This question has FOUR parts: (a), (b). (c) and (d). Use the information provided below to answer parts (a) to (c). On 1 April 2020, Winton Ltd, an Australian entity, places an order for GBP 200,000 of inventory with Austen plc, a UK supplier. On the same date, Winton Ltd enters into a forward exchange contract with the bank to buy GBP 200,000, to be settled on 31 July 2020. The goods are shipped FOB London on 1 May 2020 and are paid for on 31 July 2020. Winton Ltd has a reporting date of 30 June. The following exchange rates are applicable. Spot rate Forward rate for 31/7/20 A$1 = 0.63 GBP A$1 = 0.61 GBP A$1 = 0.67 GBP A$1 = 0.64 GBP 1 April 2020 1 May 2020 30 June 2020 31 July 2020 AS1 = 0.62 GBP A$1 = 0.60 GBP A$1 = 0.59 GBP A$1 = 0.59 GBP Question 4(a) (4 marks) Required: Complete the table below showing the movement and the change in value of the hedged item. Question 4(b) (6 marks) Required: Complete the table showing the movement and the change in value of the hedging instrument. Question 4(c) (10 marks) Required: Prepare the journal entries for Winton Led to reflect the above transactions