On May 20, when the exchange rate was $1.40/, a U.S. company purchased merchandise from a U.K. supplier for 10,000 and paid for the merchandise on June 5, when the exchange rate was $1.38/. On August 15, when the exchange rate was $1.23/, the U.S. company sold the merchandise to a customer in Belgium at an invoice price of 16,000. On September 6, when the exchange rate was $1.21/, the U.S. company received payment of 16,000 from the Belgian customer. The U.S. company's accounting year ends December 31. The U.S. company reports sales revenue in the amount of:

	A.	$16,000
	B.	$19,360
	C.	$22,400
	D.	$19,680