Carla Vista Corporation, a manufacturer of ethnic foods, contracted in 2020 to purchase 2500 pounds of a spice mixture at $5.26 per pound, delivery to be made in May of 2021. By December 31, 2020, the price per pound of the spice mixture had risen to $5.53 per pound. In 2020, Carla Vista should recognize O no gain or loss. O a gain of $1250. O a loss of $13150, O a loss of $1250.