Kenny entered into a forward exchange contract on September 1, 20X1, to be settled on February 1, 20X2, to hedge a forecasted purchase of inventory on November 30, 20X1. The inventory was purchased on November 30 with payment due on February 1, 20X2. The forward contract was for 18,000, the expected cost of the inventory. The derivative is designated as a cash flow hedge to be continued through to payment of the euro-denominated account payable. The relevant direct exchange rates for the euro follow: Forward Rate Date Spot Rate (to February 1, 20X2) $0.96 September 1, 20X1 $0.90 November 30, 20X1 $1.05 $1.03 December 31, 20X1 $0.98 $1.01 For the year ended December 31, 20X1, the amount of other comprehensive income reported on the statement of comprehensive income should be: $2,160 positive $900 positive O $1,260 negative O $560 negative