Micro Co. began 2019 with the following partial Balance Sheet:

Assets	Liabilities
Cash = 120,000 euros	N/P = 150,000 euros
A/R = 80,000 euros
Land (acquired April 1, 2018)= 200,000 euros

On May 1, 2019, Micro rendered services to a customer for 120,000 euros, which was immediately paid in cash (euros). On June 1, 2019, Micro incurred a 100,000 euro operating expense, immediately paid in cash (euros). Exchange rates follow:

April 1, 2018	Jan. 1, 2019	May 1, 2019	June 1, 2019	Dec. 31, 2019
$0.33 = 1 euro	$0.36 = 1 euro	$0.37 = 1 euro	$0.39 = 1 euro	$0.41 = 1 euro

What is the remeasurement gain or loss for 2019?

Group of answer choices

$5,300 loss

$23,400 loss

$5,300 gain

$23,400 gain

$28,700 gain