Blossom Corporation, a manufacturer of Mexican foods, contracted in 2020 to purchase 1800 pounds of a spice mixture at $4.80 per pound, delivery to be made in spring of 2021. By 12/31/20, the price per pound of the spice mixture had dropped to $4.50 per pound. In 2020, Blossom should recognize O a loss of $8640.00. O a gain of $540.00. O no gain or loss. O a loss of $540.00