A USmanufacturer Has Sold Goods to a Foreign Firm for a a Sale

Multiple Choice

A U.S.manufacturer has sold goods to a foreign firm for a sale price of 80,000 FC on 12/15/16.The invoice is due 1/15/17.The U.S.Firm fiscal year is 12/31/16.Given the following exchange rates, what gain or loss would the U.S.firm record on 12/31? ?
$$\begin{array} { l l } 12 / 15 & 1 \mathrm { FC } = \$ 0.60 \text { US Dollars } \\12 / 31 & 1 \mathrm { FC } = \$ 0.65 \text { US Dollars } \\1 / 15 & 1 \mathrm { FC } = \$ 0.63 \text { US Dollars }\end{array}$$

A) loss of $4,000
B) loss of $1,600
C) gain of $2,400
D) gain of $4,000