Mannix Corp. (a U.S.-based company) purchased parts from a Mexican supplier on December 16, 2019, with payment of 1 million pesos to be made on January 15, 2020. The following exchange rates applied:

Date	Spot Rate	Forward Rate
Dec. 16, 2019	$0.0092	$0.0098
Dec. 31, 2019	$0.0090	$0.0093
Jan. 15, 2020	$0.0095	N/A

Assuming a forward contract was entered into on December 16, how would the forward contract be reflected on Mannixs balance sheet produced on January 15, 2020?