On November $1,2023,$ a company has merchandise reported at a cost of $$10,000$ and with a fair value of $$15,000.$ It invests $$600$ in three$-$month put options with a strike price of $$15,000.$ At the company$$s December $31,2023,$ year$-$end, the merchandise has a fair value of $$13,000$ and the options are worth $$3,000.$ On January $31,2024,$ the merchandise has a fair value of $$10,500$ and the company sells the options for $$4,500.$ The company uses hedge accounting and designates the intrinsic value of the options as the hedge.

What is the net effect of the events of $2024$ on $2024$ income if the company systematically amortizes the option time value to income on a straight$-$line basis? Assume the company has not yet sold the inventory.