$8$

$1$ polnt

Parker Corp, a US$.$ company, had the following foreign currency transactions during $2021$:

Purchased merchandise from a foreign supplier on July $5,2021$ for the U$.$S$.$ dollar equivalent of $$80,000$ and paid the invoice on August $3,2021$ at the US$.$ dollar equivalent of $$82\mathrm{.}000.$

On October $1,2021$ borrowed the U$.$ S$.$ dollar equivalent of $$872,000$ evidenced by a non$-$interest$-$bearing note payable in euros on October $1,2022.$ The US$.$ dollar equivalent of the note amount was $$860,000$ on December $31,2021.$

What amount should be included as a foreign exchange gain or loss from the two transactions for $2021?$

$$2,000$ loss.

$$2,000$ gain.

$$10,000$ gain.

$$14,000$ loss.