Please use the information below to answer part A and B.

On December 1, 2021, Lee Company, a U.S. firm, purchased merchandise from Johnson Company of Canada for 200,000 Canadian dollars (CAD). The payment will be made on February 28, 2022. Lee purchased a foreign currency call option with a strike price of $0.82 (U.S.) on December 1, 2021. This foreign currency option is designated as a fair value hedge. Relevant exchange rates follow:

Date	Spot Rate	Option Premium
Dec 1, 22	$0.82	$0.040
Dec 31, 22	$0.83	$0.035
Feb 28, 23	$0.84	N/A

A: What would be the net foreign exchange gain or loss on Lees 2023 income statement related to this transaction? The options time value is excluded in assessing hedge effectiveness, and the change in time value is recognized in net income over the life of the option (round to the nearest dollar and use negative number to indicate loss).

B: Compute the U.S. dollars paid by Lee on February 28, 2023.

THE ABOVE INFORMATION WAS ALL THAT WAS GIVEN. Please show work and highlight answer. PLEASE COMPLETE ALL PARTS AS IT IS A COMPOUNDING QUESTION and as part of Chegg's guidelines, compounding questions must be answered up to 4 parts.