Jackson Corp. (a US-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 $0.00082 0.00080 January 15, 2022 0.00086 $0.00089 0.00083 0.00086 Assuming a forward contract was entered into on December 16 as a fair value hedge, what would be the net foreign exchange gain or loss on Jackson's 2021 income statement related to this transaction? Jackson amortizes forward premium or discount using the straight-line method. Hint: forward premiums or discounts and its resultant gain or losses, are determined by (a) whether the forward rate is sold at a premium or discount relative to the Spot rate, and (b) whether the exposure is asset of liability Note this is a fair value hedge Multiple Choice SO (no impact)