Can I get help with this question? Ill upvote if the answer is correct :)

Thank you in advance! for the 2nd question i got no effect for 2020 and 2021?

2M Inc, manufactures N95 masks. In the wake of the pandemic, 2M anticipated a surge in demand and signed a purchase commitment on June 30, 2020 that requires 2M to purchase 1.000 feet of polypropylene (raw materials) at $10 per feet on March 31, 2021. On December 31, 2020 (year- end), prevailing market price per feet was $8 due to lower demand than expected, By how much did this purchase commitment affect net income of 2020? (ignore taxes) Increase by $2,000 O Decrease by $2.000 None of other answer choices is correct No effect 2M Inc, manufactures N95 masks. In the wake of the pandemic, 2M anticipated a surge in demand and signed a purchase commitment on June 30, 2020 that requires 2M to purchase 1.000 feet of polypropylene (raw materials) at $10 per feet on March 31, 2021. On December 31, 2020 [year- end), prevailing market price per feet was $11 due to higher demand than expected. However, on March 31, 2021. prevailing market price per feet declined to $5 due to successful vaccines. By how much did this purchase commitment affect net income of 2020 and 2021? (ignore taxes) Increase by $1,000 for 2020 / Decrease by $5,000 for 2021 No effect for 2020 / Decrease by $5.000 for 2021 No effect for both 2020 and 2021 None of other answer choices is correct