On January 31, 2023 Jones has a 50,000 foreign currency denominated Accounts Receivable due in 1 month. This receivable is not hedged. The following exchange rates were in effect.

January 31, 2023 : spot rate 5 US = 1 FC

January 31, 2023: one month forward rate 2.5 US = 1FC

February 28, 2023 spot rate 4 US = 1 FC

February 28, 2023 one month forward rate 3 US = 1FC

How much is the FX gain or loss on February 28, 2023

	a.	FX gain $10,000
	b.	FX loss $50,000 fo
	c.	FX loss $2,500
	d.	FX gain $2,500
	e.	FX gain $50,000