On June 1, 2008, JOB Corporation, Japanese company bought goods from NNN Co, a Filipino Co. costing Y1,000,000 payable in five equal monthly installments starting July 1, 2008 Spot rates Buying Pl= June 1 YO.25 July 1 August1 Y0.27 YO.30 Selling P1= Y0.27 YO.29 YO.32 Sept 1 Oct 31 Nov.1 Y0.26 Y0.31 Y0.28 Y0.28 YO.33 Y0.30 If JOB Corporation closes it books on October 31, 2008 3. What is the foreign exchange gain or loss to be recognized by JOB Corporation for the fiscal year ended October 31, 2008? (P2,000) a b. (P6,000) C. PO d. (P3,000)