On. October 31, 2023, when the exchange rate was 50.75 iSS, a U.S. company purchased merchandise from a Singapore supplier for 5510,000 , and paid for the merchandise on january 15,2024 , when the exchange rate was $0.745/55. On November 15,2023 , when the exchange rate was $0.80/C5, the U.S. company sold the merchandise to a customer in Canada at an invoice price of CS20,000. On january 31, 2024, when the exchange rate was $0.815/C, the U.S. company received payment of cs 20,000 from the Canadian customer. The US. company's accounting year ends December 31. The exchange rates at December 31,2023 , were 50.76/55 and 50.78/C5. For 2023, the US. company reports an exchange gain or loss of: Select one: a. 5500 loss b. 5300 loss c. $0 d. $500 gain