$$ On August $1,20$X$1,$ an American firm purchased a machine costing $200,000,000$ yen from a Japanese firm to be paid for on October $1,20$X$1.$ Also on August $1,20$X$1,$ the American firm entered into a contract to purchase $200,000,000$ yen to be delivered on October $1,20$X$1,$ at a forward rate of $1$ Yen $=$ $$0\mathrm{.}00783.$ The exchange rates were as follows:

$$

$$

$$ Spot$$

August $1,20$X$1$

$1$ Yen $=$ $$0\mathrm{.}00781$

August $31,20$X$1($fiscal year end$)$

$1$ Yen $=$ $$0\mathrm{.}00777$

October $1,20$X$1$

$1$ Yen $=$ $$0\mathrm{.}00779$

$$

$$

Which of the following statements is incorrect concerning the accounting treatment of these transactions?

Question $14$ options:

An exchange loss on the accounts payable of $$4,000$ was recognized on October $1,20$X$1.$

The beginning balance in the accounts payable was $$1,562,000.$

The value of the accounts payable just before payment, on October $1,20$X$1,$ was $$1,558,000$

The machine's final recorded value was $$1,558,000.$