Prepare a schedule to determine the earnings effect of various hedging relationships. During the third quarter of the current year, Beamer Manufacturing Company invested in derivative instruments for...

Prepare a schedule to determine the earnings effect of various hedging relationships. During the third quarter of the current year, Beamer Manufacturing Company invested in derivative instruments for a variety of reasons. The various investments and hedging relationships are as follows:

a. Call Option A—This option was purchased on July 10 and provided for the purchase of 10,000 units of commodity A in October at a strike price of $45 per unit. The company designated the option as a hedge of a commitment to sell 10,000 units of commodity A in October at a fixed price of $45 per unit. Information regarding the option and commodity A is as follows: