Analyzing Derivative Instruments Colgate-Palmolive Company reported the following information regarding its derivative instruments in its 2020 10-K report. Excerpts from Note 7: Fair Value Measurements and Financial Instruments The Company is exposed to market risk from foreign currency exchange rates, interest rates, and commodity price fluctuations. Volatility relating to these exposures is managed on a global basis by utilizing a number of techniques, including working capital management, sourcing strategies, selling price increases, selective borrowings in local currencies and entering into selective derivative instrument transactions, issued with standard features, in accordance with the Company's treasury and risk management policies, which prohibit the use of derivatives for speculative purposes and leveraged derivatives for any purpose. It is the Company's policy to enter into derivative instrument contracts with terms that match the underlying exposure being hedged. Provided below are details of the Company's exposures by type of risk and derivative instruments by type of hedge designation.... The following table presents the location and amount of gains (losses) on hedges recognized on the Company's Consolidated Statements of Income: Twelve Months Ended December 31, 2020 Cost of Selling, General, and Administrative (Income) Interest Expense, Sales Expenses Net Gain (loss) on hedges recognized in income: Interest rate swaps designated as fair value hedges: Derivative instrument $0 $0 $-10 Hedged items 0 0 10 Foreign currency contracts designated as fair value hedges: Derivative instrument 0 29 0 Hedged items 0 -29 0 Foreign currency contracts designated as cash flow hedges: Amount reclassified from OCI 1 0 0 Commodity contracts designated as cash flow hedges: Amount reclassified from OCI Total gain (loss) on hedges recognized in income -1 0 0 $0 $0 $0 Required b. What is the net gain or loss recognized on the company's 2020 income statement related to the risks described in part a? $ 0 Please answer all parts of the question.