Icebreaker Company $($a U$.$S$.-$based company$)$ sells parts to a foreign customer on December $1,2020,$ with payment of $18,000$ dinars to be received on March $1,2021.$ Icebreaker enters into a forward contract on December $1,2020,$ to sell $18,000$ 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: Date Spot Rate Forward Rate $($to March $1,2021)$ December $1,2020$ $ $3\mathrm{.}60$ $ $3\mathrm{.}675$ December $31,20203\mathrm{.}703\mathrm{.}800$ March $1,20213\mathrm{.}85$ N$/$A Icebreaker must close