Icebreaker Company $($a U$.$S$.-$based company$)$ sells parts to a foreign customer on December $1,2020,$ with payment of $10,000$ dinars to be received on March $1,2021.$ Icebreaker enters into a forward contract on December $1,2020,$ to sell $10,000$ dinars on March $1,2021.$ The forward points on the forward contract are excluded in assessing hedge effectiveness and are amortized to net income using a straight$-$line method on a monthly basis. Relevant exchange rates for the dinar on various dates are as follows:

$\backslash$table$[[$Date$,$Forward Rate,$],[$December $1,2020,$$$2\mathrm{.}80,($to March $1,2021)],[$December $31,2020,2\mathrm{.}90,$$$2\mathrm{.}875$