A U.S. company purchases a 90-day certificate of deposit from a Singapore bank on May 15, when the spot rate is $0.72/S$. The certificate has a face value of S$100,000 and pays interest at an annual rate of 2 percent. On August 13, the certificate of deposit matures, and the company receives principal and interest of S$100,500 and records interest revenue on the investment. The spot rate on August 13 is $0.75/S$. The average spot rate for the period May 15 August 13 is $0.73/S$. The company's accounting year ends December 31. The total exchange gain or loss on this investment is:

	A.	$2,000 loss
	B.	$2,000 gain
	C.	$3,000 gain
	D.	$3,000 loss