On October $1,2020,$ Mertag Company $($a U$.$S$.-$based company$)$ receives an order from a customer in Poland to deliver goods on January $31,2021,$ for a price of $1,024,000$ Polish zlotys $($PLN$).$ Mertag enters into a forward contract on October $1,2020,$ to sell PLN $1,024,000$ in four months $($on January $31,2021).$ U$.$S$.$ dollar$-$Polish zloty exchange rates are as follows:

$\backslash$table$[[$Date$,$Spot Rate,Forward Rate$],[($to January $31,2021),,],[$October $1,2020,$$$0\mathrm{.}26,$$$0\mathrm{.}30$