Multiple Ch $400 (loss). $400 (gain). $600 (gain). $600 (loss). $0

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Extracted text: Multiple Ch $400 (loss). $400 (gain). $600 (gain). $600 (loss). $0


Extracted text: Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 milion Korean won to be received on January 15, 2022. The following exchange rates applied: Forward Rate Spot Rate $0.00082 0.00080 to Jan.15 $0.00089 Date December 16, 2021 December 31, 2021 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? Multiple Cholce $400 (loss). $400 (gain).