Hunt Co. purchased merchandise for 300,000 British pounds from a vendor in London on November 30, 20X1. Payment in British pounds was due on January 30, 20X2. The exchange rates to purchase one pound were as follows:

November 30, 20X1 December 31, 20X1

Spot-rate $1.65 $1.62

30-day rate 1.64 1.59

60-day rate 1.63 1.56

In its December 31, Year One, income statement, what amount should Hunt report as foreign exchange gain?

A. $9,000

B. $12,000

C. $6,000

D. $0

E. None