Lowell Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2018, with payment of 10 million Korean won to be received on January 15, 2019. The following exchange rates applied: Date Spot Rate Forward Rate to Jan.15 December 16, 2018 $ 0.00092 $ 0.00098 December 31, 2018 0.00090 0.00093 January 15, 2019 0.00095 0.00095 Assuming a forward contract was not entered into, what would be the net impact on Lowell Corp.'s 2018 income statement related to this transaction? Multiple Choice $200 (gain). $200 (loss). $500 (loss). $0 $500 (gain).