A U.S. firm sells merchandise today to a Japanese company for 100,000,000. The current exchange rate is 110.58/$, the account is receivable in three months, and the firm chooses to avoid any hedging techniques designed to reduce or eliminate the risk of changes in the exchange rate. If the exchange rate changes to 110.13/$, the U.S. firm will realize a ________ of ________. a. translation gain 3695 b. translation loss 3695 c. translation gain $3695 d. translation loss $3695 e. none of these