Johnson Company $($a U$.$S$.-$based company$)$ sells parts to a foreign customer on December $1,2022,$ with payment of $25,000$

dinars to be received on March $1,2023.$ Johnson enters into a forward contract on December $1,2022,$ to sell $25,000$ dinars

on March $1,2023.$ The forward contract is not designated as a hedge. Relevant exchange rates for the dinar on various

dates are as follows:

In its income statement for the year ended December $31,2023,$ Johnson should report a foreign currency transaction gain

of

$$1,500$

$$1,800$

$$2,400$

$$2,000$