JLO Corporation, a Canadian corporation, has a December 31 year-end. On January 1, 2019, it borrowed US$3,000,000 from an American bank. The loan is scheduled to be repaid on December 31, 2023.Interest of 10% is paid annually on December 31. The following exchange rates existed on the dates significant for accounting purposes: January 1, 2019 US$1.00 = C$1.21 Average 2019 US$1.00 = C$1.16 December 31, 2019 US$1.00 = C$1.14 Average 2020 US$1.00 = C$1.10 December 31, 2020 US$1.00 = C$1.04 What is JLO's exchange gain relating to the interest paid for the year ended December 31, 2019?

• $6,000 gain

• $10,000 gain

• $15,000 gain

• $0