On April 1, 2017, Manatee Company entered into two forward exchange contracts to purchase 300,000 euros each in 90 days. The relevant exchange rates are as follows: 
The first forward contract was to hedge a purchase of inventory on April 1, payable on December 1. On April 30, what amount of foreign currency transaction loss should Manatee report in income?
Definitions:
Wilhelm Wundt
Often considered the father of modern psychology, he established the first psychology laboratory at the University of Leipzig, marking the separation of psychology from philosophy.
Control Behaviour
Refers to the management or regulation of one's actions or reactions in various situations.
Humanist
A person who advocates for the values of human welfare, dignity, and rationalism, often emphasizing the importance of human values and concerns.
Environmental Circumstances
The physical, social, and cultural conditions that surround and influence an individual or community.
Q1: P Company purchased 90% of the common
Q4: Petunia Corporation owns 100% of Stone Company's
Q9: Under the partial equity method, the entry
Q22: North Company issued 24,000 shares of its
Q29: Gain or loss resulting from an intercompany
Q60: Any person or business to whom a
Q111: The percentage of assets that are financed
Q112: Thomas Malthus's prediction of mass starvation failed
Q158: Wallace Repair Company incurred $1,500 as a
Q177: Melody Instruments Company sells musical instruments. On