Icebreaker Company $($a U$.$S$.-$based company$)$ sells parts to a foreign customer on December $1,2020,$ with payment of $11,000$ dinars to be received on March $1,2021.$ Icebreaker enters into a forward contract on December $1,2020,$ to sell $11,000$ dinars on March $1,2021.$ The forward points on the forward contract are excluded in assessing hedge effectiveness and are amortized to net income using a straight$-$line method on a monthly basis. Relevant exchange rates for the dinar on various dates are as follows:

$\backslash$table$[[$Forward Rate,,$],[$Date$,$Spot Rate,$($to March $1,2021)],[$December $1,2020,$$$2\mathrm{.}90,$$$2\mathrm{.}975$