At the end of December, Gap Co., Ltd., a settlement corporation, decided to export $100 of goods on November 1, 2011, and receive the payment in five months. In order to avoid the risk of fluctuations in the exchange rate of export payments, A Co., Ltd. signed the following currency leading contracts.(Accompliance with the accounting period) Contract Period: 5 Months (November 1, 2011 ~ March 31, 2012) Contract Terms: $100 1,1,150/$ (Currency Leading Exchange Rate) The information on the selling exchange rate is as follows. (However, say that there is no present valuation)

	Spot exchange rate (\/$)	Forward currency exchange rate(\/$)
2011.11.1	1,100	1,150(5 months)
2011.12.31	1,080	1,132(3 months)
2012.3.31	1,180

Q. Account for December 31, 2011.

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