On October $1,2023,$ Mertag Company $($a U$.$S$.-$based eompany$)$ receives an order from a customer in Poland to deliver goods on January $31,2024,$ for a price of $1,026,000$ Polish zlotys $($PLN$).$ Mertag enters into a forward contract on October $1,2023,$ to sell PLN $1,026,000$ in four months $($on January $31,2024).$ U$.$S$.$ dollar$-$Polish zloty exchange rates are as follows:

$\backslash$table$[[,,$Forward Rate $($to$],[$Date$,$Spot Rate,January $31,2024)],[$October $1,2023,$$$0\mathrm{.}27,$$$0\mathrm{.}31$