Amazing Corporation, a U.S. enterprise, sold product to a customer in Wales on October 1, 20x1 for 100,000 with payment required on April 1, 20x2. Relevant exchange rates are: Spot rate Forward rate (to 4/1/X2) October 1, 20x1 $1.87 $1.85 December 31, 20x1 1.86 $1.84 April 1, 20x2 1.90 The discount factor corresponding to the company's incremental borrowing rate for 3 months is 0.94. Assume that Amazing Corporation enters a forward contract on October 1, 20x1 to sell 100,000 six months hence, on April 1, 20x2, as a cash flow hedge, what would be the net impact on net income in 20x1 from this cash flow hedge of accounts receivable? (The straight-line method is used to amortize the discount on the forward contract). O A decrease of $1,000 in Net Income No impact on Net Income O An increase of $1,000 in Net Income O A decrease of $60 in Net Income