ABC Corporation's balance sheet at December 31, 2014 included a $72,720 account Payable to San Pedro Corporation of Mexico. The account payable was denominated as 900,000 Mexican pesos. What entry did ABC make on January 16, 2015 when the account payable was paid and the exchange rate for the peso was $.09? A) Accounts Payable 81,000 Cash 81,000 B) Accounts Payable 81,000 Exchange Gain Cash 8,280 72,720 C) Accounts Payable 72,720 cash 72,720 D) Accounts Payable Exchange Loss 72,720 8,280 Cash 81,000 Select one: =