Saveo Option Hedge $2$ Help Save & Exit Submit On June $1.$ the PM Corp. $($ US$-$based company$)$ sold goods to a Swiss customer for $100,000$ francs, who will pay on October $1.$ On June $1,$ PM purchased an option $($strike price$=$ S $1\mathrm{.}00\backslash$ sell $100,000$ francs on October $1.$ The option is designated a fair value hedge. The option's time value is excluded in assessing hedge effectiveness, and the change in time value is recognized in Relevant $ exchange rates per franc and option premia follow Date Spot Rate Put Option Premium for Oct. $1($strike price $$1\mathrm{.}00)$ June $1$ $$1000$ $$00400032$ NIA June $30$ October $109850\mathrm{.}972$ What is the net foreign exchange gain or loss PM will recognize in its June $30$ income statement? Put a sign in front of a net loss Numeric Response