Jackson Corp. (a U.S.-based company) sold parts to a Korean…

Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won to be received on January 15, 2022. The following exchange rates applied:   Date Spot Rate Forward Rate to Jan.15 December 16, 2021 $ 0.00082   $ 0.00089   December 31, 2021   0.00080     0.00083   January 15, 2022   0.00086     0.00086     Assuming a forward contract was not entered into, what would be the net impact on Jackson Corp.’s 2021 income statement related to this transaction?                         A)    $600 (gain).                     B)    $600 (loss).            C)    $400 (gain).            D)    $400 (loss).            E)    $0