A U.S. company issues a purchase order for merchandise to a Canadian supplier. The agreed upon total price is C$100,000, and the current spot rate is $0.82/C$. The company enters a forward contract when the purchase order is issued, at a rate of $0.815/C$, for delivery when the merchandise is received. If the spot rate falls to $0.80/C$ when the merchandise is received and paid for, at what value will the merchandise be reported on the company's books? Select one: o A. $78,500 O B. $80,000 O C. $81,500 o D. $82,000