Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won to be received on January 15, 2022. The following exchange rates applied: Forward Rate Date Spot Rate to Jan.15 December 16, 2021 December 31, 2021 January 15, 2022 $0.00082 0.00080 0.00086 $0.00089 0.00083 0.00086 Assuming a forward contract was not entered into, what would be the net impact on Jackson Corp.'s 2021 income statement related to this transaction? Multiple Choice $600 (loss). $600 (gain). $400 (loss). $400 (gain).