Woolsey Corporation, a U.S. company, expects to sell goods to a British customer at a price of 250,000 pounds, with delivery and payment to be made on October 24, 2021. On July 24, 2021, Woolsey purchased a three-month put option for 250,000 British pounds and designated this option as a cash flow hedge of a forecasted foreign currency transaction expected to be completed in late October, 2021. The following exchange rates apply: Option strike price Option cost July 24 spot rate October 24 spot rate October 24 option premium $ 2.17 $4,000 $ 2.17 $ 2.13 $ 0.04 What amount will Woolsey record for the forecasted sale on July 24? Multiple Choice $4,000. $12,000. $10,000. O $0. (0 $5,000