Amazon Company, based in the US, sold merchandise to a customer in 3 points Lebanon on December 1, 2020, and the payment of 20,000,000 Lebanese Lira for the sold merchandise will be received on March 31, 2021. Amazon's incremental borrowing rate is 12%. The present value factor for three months at an annual interest rate of 12% is 0.9706. Assuming a forward contract to sell 20,000,000 Lebanese Lira was entered into on December 1, 2020, as a fair value hedge of foreign currency receivable, what would be the net impact on net income in 2020 resulting from a fluctuation in the value of the Lebanese Lira. The following table shows the exchange rates during the transchstion period. (SHOW CALCULATIONS) Date Spot Rate Forward Rate (to March 31, Year 2) $0.20 $0.24 December 1. Year 1 0.23 0.22 December 31. Yea 1 0.25 March 31. Year 2 Your answer Amazon Company, based in the US, sold merchandise to a customer in 3 points Lebanon on December 1, 2020, and the payment of 20,000,000 Lebanese Lira for the sold merchandise will be received on March 31, 2021. Amazon's incremental borrowing rate is 12%. The present value factor for three months at an annual interest rate of 12% is 0.9706. Assuming a forward contract to sell 20,000,000 Lebanese Lira was entered into on December 1, 2020, as a fair value hedge of foreign currency receivable, what would be the net impact on net income in 2020 resulting from a fluctuation in the value of the Lebanese Lira. The following table shows the exchange rates during the transchstion period. (SHOW CALCULATIONS) Date Spot Rate Forward Rate (to March 31, Year 2) $0.20 $0.24 December 1. Year 1 0.23 0.22 December 31. Yea 1 0.25 March 31. Year 2 Your