On November 1,2017 . American Company sold inventory to a foreign customer. The account will be settied on March 1 with the receipt of $450,000 foreign currency units (FCU). On November 1, American also entered into a forward contract to hedge the exposed asset. The forward rate is $0.70 per unit of foreign currency. American has a December 31 fiscal year-end. Spot rates on relevant dates were: What will be the adjusted balance in the Accounts Receivable account on December 31 , and how much gain or loss was recorded as a result of the adjustment? a. Receivable Balance, \$319,500; GainLoss Recorded, \$9,000 gain b. Receivable Balance, $333,000; GainLoss Recorded; $18,000 gain c. Receivable Balance, $333,000; Gain/Loss Recorded, $4,500 gain d. Receivable Balance, \$319,500; GainLoss Recorded, $9,000 loss