Levis, a U.S. Co.has several transactions with foreign entities. On November 282019. Levis sold goods to a British company at a price of 30,000 English pounds, when the direct exchange rate was 1 Pound=\$1.65 . The account has not been settled as of December 31, 2019 when the exchange rate is 1 ound=\$1.60 . Assume that the transaction is denominated in the foreign currency units. Select one : O a. Levis should recognize a foreign currency transaction loss in the amount of $1,500, as the Dollar is strengthened against the Pound and the year-end balance of accounts receivable is $48,000. O b . Levis should recognize a foreign currency transaction gain in the amount of \$1,500 , as the Dollar is strengthened against the Pound and the year-end balance of accounts receivable is $51,000. Levis should recognize a foreign currency transaction gain in the amount of \$1,500 , as the Dollar is weakened against the Pound and the year-end balance of accounts receivable is $51,000. d. Levis should recognize a foreign currency transaction loss in the amount of $1.500as the Dollar is weakened against the Pound and the year-end balance of accounts receivable is $ 8,000, .