FinnCo sells goods to a client in the UK for 20,000 with payment to be received in British pounds. Credit terms allow 45 days for receipt of payment. The exchange rate on the date of the transaction was 1 = 1.460 and on the date of payment was 1 = 1.475. Assume the transaction date was in November, Year 1, the payment date was in January, Year 2, and the company has a 31 December year-end, and the exchange rate on 31 December, Year 1 was 1 = 1.480, what is FinnCo's foreign exchange gain or loss for year 1? a. 400 b.- 400 c. 300 d. - 100 e, none of the above OO