November $15,2022$ $$0\mathrm{.}745$ $$0\mathrm{.}735$

December $31,20220\mathrm{.}8050\mathrm{.}79$

March $01,20230\mathrm{.}760\mathrm{.}755$

April $15,20230\mathrm{.}780\mathrm{.}78$

A U$.$S$.$ company expects to sell merchandise to a Canadian customer for approximately C$ $1,400,000$ in the middle of April. On November $15,2022,$ the company enters a forward contract locking in the U$.$S$.$ dollar amount to be received from the customer, for delivery on April $15,2023.$ The forward qualifies as a hedge of the forecasted sale. The company delivers the merchandise to the Canadian customer on April $15,2023,$ and C$ $1,400,000$ is received from the customer. The company then closes the forward contract. For $2023,$ what amount is reported in income as gain or loss on the hedge, and what amount is reported as sales revenue?