$10$

$1$ polnt

USA Corporation sold inventory on credit to a British company on April $8,2021.$ Brandon received payment of $40,000$ British pounds on May $8,2021.$ The exchange rate was $1$ pound $=$ $$1\mathrm{.}56($USD$)$ on April $8$ and $1$ pound $=$ $$1\mathrm{.}45($USD$)$ on May $8.$

What amount of foreign exchange gain or loss should be recognized on May $8?$

$$10,200$ loss

$$10,200$ gain

$$4,400$ loss

$$4,400$ gain