Jackson Corporation $($a U$.$S$.-$based company$)$ sold parts to a Korean customer on December $16,2024,$ with payment of $20$ million Korean won to be received on January $15,2025.$ The following exchange rates applied:

Date Spot Rate Forward Rate to January $15$

December $16,2024$ $ $0\mathrm{.}00082$ $ $0\mathrm{.}00089$

December $31,20240\mathrm{.}000800\mathrm{.}00083$

January $15,20250\mathrm{.}000860\mathrm{.}00086$

Assuming a forward contract was entered into on December $16,$ at what amount should the forward contract be recorded at December $31,2024?$

Multiple Choice

$$400$

$$600$

$$1,200$

$$1,000$

$$800$