On October 25, 2020, a U.S. company sold merchandise on credit to a customer in Spain at an invoice price of 1,000, when the exchange rate was $1.25/. On December 31, 2020, the U.S. company's year-end, the exchange rate was $1.2577. On February 1, 2021, when the exchange rate was 1.23, the U.S. company received 1,000 in payment for the merchandise. The U.S. company's exchange gain or loss for 2021 is Select one: A. $27 loss B. $20 gain O C. $20 loss O D. $27 gain