Required information [The following information applies to the questions displayed below.] Brandt Corp. (a U.S.-based company) sold parts to a South Korean customer on December 1, 2020, with payment of 10 million South Korean won to be received on March 31, 2021. The following exchange rates apply: Forward Rate Date Spot Rate (to March 31, 2021) December 1, 2020 $ 0 . 0035 $ 0. 0034 December 31, 2020 0. 0033 0 . 0032 March 31, 2021 0 . 0038 N/A Assuming that Brandt entered into a forward contract to sell 10 million South Korean won on December 1, 2020, as a fair value hedge of a foreign currency receivable, what is the net impact on its net income in 2020 resulting from a fluctuation in the value of the won? Brandt amortizes forward points on a monthly basis using a straight-line method. Ignore present values.Multiple Choice $250 decrease in net income O $2,000 increase in net income O No impact on net income O $100 decrease in net income