Question: please read the question requirement carefully.!!! Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20

please read the question requirement carefully.!!!

Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won to be received on January 15, 2022. The following exchange rates applied: Date December 16, 2021 December 31, 2021 January 15, 2022 Spot Rate $0.00082 0.00080 0.00086 Forward Rate o Jan.15 $0.00089 0.00083 0.00086 Assuming a forward contract was not entered into what would be the net impact on Jackson Corp's 2021 income statement related to this transaction? Multiple Choice $400 (loss) $400 (gain) Multiple O $400 (oss), $400 (gain) $600 (gain) $600 (loss) $0

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