A U.S. exporter has a Thai baht account receivable resulting from an export sale on April 1 to a customer in Thailand. The exported signed a forward contract on April 1 to sell Thai baht and designated it as a cash flow hedge of a recognized Thai baht receivable. The spot rate was $.022 on that date, and the forward rate was $.023. Which of the following did the U.S. exporter report in net income? a) discount expense b) discount revenue c) premium expense d) premium revenue