5. On July 1, 2017, Mifflin Company borrowed 200,000 euros from a foreign leader evidenced by an interest-bearing note due on July 1, 2018. The note is denominated in euros. The U.S. dollar equivalent lent of the note principal is a follows:

Date	Amount
July 1, 2017 (date borrowed)	$225,000
December 31, 2017 (Mifflins year-end)	$220,000
July 2018 (date repaid)	$210,000

In its 2018 income statement, what amount should Mifflin include as a foreign exchange gain or loss on the note?

a. $15,000 gain

b. $15,000 loss

c. $10,000 gain

d. $10,000 loss