Clark Co, a U

Multiple Choice

Clark Co., a U.S. corporation, sold inventory on December 1, 2021, with payment of 12,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: What amount of foreign exchange gain or loss should be recorded on December 31?

A) $756 gain.
B) $756 loss.
C) $0.
D) $1,740 loss.
E) $1,740 gain.