On October $30,2020,$ a U$.$S$.$ company receives a purchase order from a customer in Spain. Under the sale terms, the customer will pay the company $100,000$ on April $30.$ On October $30,$ the U$.$S$.$ company also enters a forward contract to sell $100,000$ on April $30,2021.$ The company delivers the merchandise to the customer on November $1.$ On April $30,$ the company receives $100,000$ from the customer and sells it using the forward contract. The company's accounting year ends December $31.$

$\backslash$table$[[,$Spot Rate,Forward Rate for$],[$October $30,20203021$ Delivery,,$],[$November $1,2020,$$$1\mathrm{.}230,$$$1\mathrm{.}240$