On April 1, 2020, Shannon Company, a U.S. company, borrowed 100,000 euros from a foreign bank by signing an interest-bearing note due April 1, 2021. The dollar value of the loan was as follows: Date Amount April 1, 2020 97,000 $ December 31, 2020 103,000 April 1, 2021 105,000 How much foreign exchange gain or loss should be included in Shannon's 2020 income statement? A) $3,000 gain. B) $3,000 loss. C) $6,000 gain. D) $6,000 loss. E) $7,000 gain