On December 1, 2022, Kimberley Company, a U.S. firm, sold merchandise to Norway Company of Canada for 120,000 Canadian dollars (CAD). Collection of the receivable is due on February 1, 2023. Kimberly purchased a foreign currency put option with a strike price of $0.90 (U.S.) on December 1, 2022. Relevant exchange rates follow:

\begin{tabular}{|l|c|c|} \hline & & Put Option Premrum for February 1,2023 \\ \hline \multicolumn{1}{|c|}{ Date } & Spot Rate & (strike price \$0.90) \\ \hline December 1.2022 & S0.90 & $0.06 \\ \hline December 31,2022 & $0.88 & 0.05 \\ \hline February 1.2023 & So.85 & 0.04 \\ \hline \end{tabular} The U.S. dollars received on February 1, 2023 would be: $102,000$108,000$105,600$115,200