Kenny entered into a forward exchange contract on September $1,20$X$1,$ to be settled on February $1,20$X$2,$ to hedge a

forecasted purchase of inventory on November $30,201.$ The inventory was purchased on November $30$ with payment

due on February $1,20$X$2.$ 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:

For the year ended December $31,20$X$1,$ the amount of other comprehensive income reported on the statement of

comprehensive income should be:

$$2,160$ positive

$$1,260$ negative

$$560$ negative

$$900$ positive