On November $1,$ Year $1,$ Black Lion Company forecasts the purchase of raw materials from an Argentinian supplier on February $1,$ Year $2,$ at a price of $200,000$ Argentinian pesos. On November $1,$ Year $1,$ Black Lion pays $$1,200$ for a three$-$month call option on $200,000$ Argentinian pesos with a strike price of $$0\mathrm{.}35$ per peso. The option is properly designated as a cash flow hedge of a forecasted foreign currency transaction. On December $31,$ Year $1,$ the option has a fair value of $$900.$ The following spot exchange rates apply:

Date U$.$S$.$ Dollar per

Argentinian Peso

November $1,$ Year $1$ $ $0\mathrm{.}35$

December $31,$ Year $10\mathrm{.}30$

February $1,$ Year $20\mathrm{.}36$

What is the net impact on Black Lion Company$$s Year $1$ net income as a result of this hedge of a forecasted foreign currency purchase?