On November 1 Year 1, Black Lion Company forecasts the purchase of raw materials from an Argentinion supplier on Februaryt Year 2 of a price of 200.000 Argentinian pesos, on November Year 1, Black Lion pays $1,200 for a three-month coll option on 200,000 Argentinian pesos with a strike price of $0:35 per peso The option is propery designated as a cash flow hedge of a forecasted foreign currency transaction on December 31 Year 1, the option has a toir valse or $900.) The following spot exchange rates apply Date November 11 Year 1 December 31, Year 1 February 1, Year 2 U.S. Dollar per Argentinian Peso 50.35 0.30 0.36 What is the net impact on Black Lion Company's Year 1 net income as a result of this hedge of forecasted foreign currency purchase? Mueble Choice An $800 decrease in income A$300 decree net income Multiple Choice . An $800 decrease in net income A $300 decrease in net income A $200 increase in net income $0