Amazing Corporation, a U.S. enterprise, sold product to a customer in Wales on October 1, 201 for 200,000 with payment required on April 1, 202. Relevant exchange rates are: 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 , 201 to sell 200,000 six months hence, on April 1,202, as a cash flow hedge, what would be the net impact on net income in 201 from this cash flow hedge of accounts receivable? (The straight-line method is used to amortize the discount on the forward contract). 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, 201 to sell 200,000 six months hence, on April 1,202, as a cash flow hedge, what would be the net impact on net income in 201 from this cash flow hedge of accounts receivable? (The straight-line method is used to amortize the discount on the forward contract). An increase of $2,000 in Net Income No impact on Net Income A decrease of $120 in Net Income A decrease of $2,000 in Net Income