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On June 1, Cagle Co. received a signed agreement to sell inventory for 1650,000. The sale would take place in 90 days. Cogle immediately signed a 90- day forward contract to sell the yen as soon as they are received. The spot rate on June 1 was *1 $0.003986, and the 90-day forward rate was #1 = $0.004021. At what amount would Cagle record the Forward Contract on June 1? Multiple Choice $0. $2,590.90 52,613.65 O $499.00 $2.275,00