Hodge Co., a company incorporated in the United States sold merchandise to a Korean customer, Bison Co., on 12/16/2021. Bison will pay 20 milliom Korean won to Hodge Co. on 01/15/2022. The following exchange rates applied: Forward Rate Date 12/16/2021 12/31/2021 Spot Rate to Jan.15 $0.00082 $0.00089 0.00080 0.00086 0.00083' 0.00086 If a forward contract was not entered into, what would be the net impact on Hodge Co.'s 2021 Income statement related to this transaction? 01/15/2022 Multiple Choice a $600 loss. O $0 a $400 loss. D