Use the following information on the U$.$S$.$ dollar value of the euro to answer the question.

Spot RateForward Rate for

March $16,2024$ DeliveryNovember $16,2023$$ $1\mathrm{.}15$$ $1\mathrm{.}148$December $31,20231\mathrm{.}141\mathrm{.}135$March $16,20241\mathrm{.}131\mathrm{.}130$

On November $16,2023,$ a U$.$S$.$ company makes a sale to a customer in Germany. Under the sale terms, the customer will pay the company $100,000$ on March $16.$ On November $16,$ the company also enters a forward contract to sell $100,000$ on March $16,2024.$ On March $16,$ the company receives $100,000$ from the customer and sells it using the forward contract. The company$$s accounting year ends December $31.$

What is the net effect on $2024$ income of exchange rate changes due to the sale and the forward contract?

Select one:

a$.$

$$500$ net loss

b$.$

$$1,500$ net gain

c$.$

$$500$ net gain

d$.$

No effect