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flysky corporation a commercial airline company, contracted in 2018 to purchase 500,000 barrels of jet fuel at $115 per barrel, delivery and payment to be

flysky corporation a commercial airline company, contracted in 2018 to purchase 500,000 barrels of jet fuel at $115 per barrel, delivery and payment to be made in june of 2020. By 12/31/2018, the price per barrel of jet fuel had dropped to $98. By 12/31/2019, the price per barrel of jet fuel was $108. On 12/31/2019, flysky should report

a unrealized loss from purchase commitment of $5,000,000

b unrealized loss from purchase commitment of $3,500,000

c unrealized gain from purchase commitment of $5,000,000

d unrealized gain from purchase commitment of $3,500,000

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