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On April 1, 2020, Shannon Company, a U.S. company, borrowed 100,000 euros from a foreign bank by signing an interest-bearing note due April 1, 2021 The dollar value of the loan was as follows: Amount $ 97,000 Date April 1, 2020 December 31, 2020 April 1, 2021 103,000 105,000 How much foreign exchange gain or loss should be included in Shannon's 2021 income statement? Multiple Choice O $2,000 loss. $1,000 loss, $1.000 gain $8,000 loss, How much foreign exchange gain or loss should be included in Shannon's 2021 income statement? Multiple Choice $2,000 loss. $1,000 loss. $1,000 gain $8,000 loss $2.000 gain