Detroit based Auto Corporation, purchased ancillaries from a Japanese firm on December 1, 20X8, for 1,000,000 Yen, when the spot rate for Yen was $.0095. On December 31, 20X8, the spot rate stood at $.0096. On January 10, 20X9 Auto paid 1,000,000 Yen acquired at a rate of $.0094. Auto's income statements should report a foreign exchange gain or loss for the years ended December 31, 20X8 and 20X9 of:

a) 20X8: $0 ; 20X9 $0
		b) 20X8 $100 loss; ; 20X9 $200 gain
		c) 20X8 $0 ; 20X9 $100 gain
	d)	20X8 $100 gain ; 20X9 $100 loss