Levin Company entered into a forward contract to speculate in the foreign currency. It sold 100,000 foreign currency units under a contract dated November 1, 20X8, for delivery on January 31, 20X9: 
In its income statement for the year ended December 31, 20X8, what amount of loss should Levin report from this forward contract?
Definitions:
Semi-Structured
Refers to a type of data or data management process that is not completely structured, allowing for a mix of formatted and unformatted data.
Structured
A term that describes something organized or arranged in a specific, often systematic way, typically referring to data, systems, or processes.
Open-Ended
A type of question or problem that allows for a variety of responses and does not have a strict limit on possible answers.
Androcentricity
A perspective or approach that prioritizes male experiences and perspectives, often neglecting female viewpoints.
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