On November $1,20$X$1,$ Bernard Company $($a U$.$S$.-$based company$)$ sold merchandise to a foreign customer for $120,000$ FCUs with payment to be received on April $30,20$X$2.$ At the date of sale, Bernard entered into a six$-$month forward contract to sell $120,000$ FCUs. The forward points on the forward contract are excluded in assessing hedge effectiveness and are amortized to net income using a straight$-$line method on a monthly basis.$$ The company properly designates the forward contract as a cash flow hedge of a foreign currency receivable. The following exchange rates apply:

Date

Spot Rate

Forward Rate

$($to April $30,20$X$2)$

November $1,20$X$1$

$

$0\mathrm{.}22$

$$

$

$0\mathrm{.}21$

$$

December $31,20$X$1$

$$

$0\mathrm{.}20$

$$

$$

$0\mathrm{.}18$

$$

April $30,20$X$2$

$$

$0\mathrm{.}19$

$$

$$

N$/$A

$$

$$

What is the impact on net income in $20$X$2$ due to the sale transaction from year $20$X$1$ and forward contract?

Group of answer choices

Decrease net income by $$800.$

Increase net income by $$800.$

Decrease net income by $$1,200.$

Decrease net income by $$1,500.$