Hon 9 answered out of 1.00 question On October 2, 20X4, Duck Corporation borrowed 150,000 British pounds from a London bank, evidenced by an interest-bearing note payable due in one year. The note was payable in pounds. Exchange rates for pounds was: October 2, 20X4 $1.60 December 31, 20X4 $1.62 October 2, 20X5 $1.56 What exchange gain or loss appeared on Duck's 20X5 income statement? O a. again of $3,000 Ob a loss of $9,000 Oca gain of $9,000 Od loss of 53,000