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 January 15, 2022 $0.00082 $0.00089 0.00083 0.00086 0.00080 0.00086 Assuming a forward contract was entered into on December 16, how would the forward contract be reflected on Jackson's December 31, 2021 balance sheet? Multiple Choice Forward contract (asset) Forward contract (liability) Foreign currency (asset). Subm