On.January 1, 2015, Northeast Company made a firm commAtrent to purchase same imwentory from a supplier for 10,000 euros. Delvery and payment as to occur on Oetober 30. 2015. The spot rates on danuary 1, 2015 and October 30,2015 are $2,60 and $2.40. On the same date, Northeast Company enterod into a foceword contract to purchase 10,000 furos on Oct 30,2015 whih the forward rate of 5270 . Assurne this forward contract quaififes for hedge accountring. What is the fotal gains and lesses associated with these tivo contracts? 50 Cin of 51,000 Loss if 51,000 Gain of 12.000 Loss of 52.000