Question: Jackson Corporation ( a U . S . - based company ) sold parts to a Korean customer on December 1 6 , 2 0

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:
DateSpot RateForward Rate to January 15December 16,2024$ 0.00082$ 0.00089December 31,20240.000800.00083January 15,20250.000860.00086
Assuming a forward contract was not entered into, what would be the net impact on Jackson's 2024 income statement related to this transaction?

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