Greco, Inc. a U.S. corporation, bought machine parts from Franco Company of Germany on March 1, 2014, for 70,000 marks, when the spot rate for marks was $0.5395. Greco's year-end was March 31, 2014, when the spot rate for marks was $0.5445. Greco bought 70,000 marks and paid the invoice on April 20, 2014, when the spot rate was $0.5495. How much should be shown in Greco's income statements as foreign exchange (transaction) gain or loss for the years ended March 31, 2014 and 2015?

A - 2014-$0; 2015-$0

B - 2014-$0; 2015-$350 loss

C - 2014-$350 loss; 2015-$0

D - 2014-$350 loss; 2015-$350 loss