Elands Ltd, an Australian company, sells goods on credit to Canterbury Pty Ltd, a British company. The contract was signed on 15 February 2022 for 80,000. Canterbury Pty Ltd settled the contract on 29 March 2022

.The relevant exchange rates are as follows:

15 February 2022 A$1.00 = 0.5514

29 March 2022 A$1.00 = 0.5743

How much is the foreign exchange difference calculated on the 29 March 2022?

$5,785 loss

$5,785 gain

$1,832 loss

$1,832 gain