Mills IncHad a Receivable from a Foreign Customer That Is Due

Multiple Choice

Mills Inc.had a receivable from a foreign customer that is due in the local currency of the customer (stickles) .On December 31, 2018, this receivable for §200,000 was correctly included in Mills' balance sheet at $132,000.When the receivable was collected on February 15, 2019, the U.S.dollar equivalent was $144,000.In Mills' 2019 consolidated income statement, how much should have been reported as a foreign exchange gain?

A) $ 0.
B) $36,000.
C) $48,000.
D) $10,000.
E) $12,000.