Icebreaker Company $($a U$.$S$.-$based company$)$ purchases materials from a foreign supplier on December $1,2023,$ with payment of $16,000$ dinars to be made on March $1,2024.$ The materials are consumed immediately and recognized as cost of goods sold at the date of purchase. On December $1,2023,$ Icebreaker enters into a forward contract to purchase $16,000$ dinars on March $1,2024.$ Relevant exchange rates for the dinar on various dates are as follows:

DateSpot RateForward Rate $($to March $1,2024)$December $1,2023$$ $3\mathrm{.}40$$ $3\mathrm{.}475$December $31,20233\mathrm{.}503\mathrm{.}600$March $1,20243\mathrm{.}65$N$/$A a$-2.$ What is the impact on $2023$ net income?

a$-3.$ What is the impact on $2024$ net income?

a$-4.$ What is the impact on net income over the two accounting periods?