On October 2, 20X4, Duck Corporation borrowed 150,000 British pounds from a London bank, evidenced by an interest- bearing note payable due in one year. The note was payable in pounds. Exchange rates for pounds was: October 2, 20X4 $1.60 December 31, 20X4 $1.62 October 2, 20X5 $1.56 What is the final amount of the loan payable that Duck showed on its books, in dollars, just before it repaid the loan? O a. $234,000 O b. $236,000 O c. $240,000