6 On July 1, 2015, Houghton Company borrowed 420,000 euros from a foreign lender evidenced by an interest-bearing note due on July 1, 2016. The note is denominated in euros. The U.S. dollar equivalent of the note principal is as follows: Date July 1, 2015 (date borrowed) December 31, 2015 (Houghton's year- Amount $305,000 440,000 453,000 00:24:44 end) July 1, 2016 (date repaid) In its 2016 income statement, what amount should Houghton include as a foreign exchange gain or loss on the note? Multiple Choice $13,000 gain. $13,000 loss. $148,000 gain. $148,00O loss