On September 1, 2014, Tango & Co., a US corporation, sold merchandise to a foreign firm for 250,000 Botswana pula. Terms of the sale require payment in pula on February 1, 2015. On September 1, 2014, the spot exchange rate was $.20 per pula. At December 31, 2014, Tango & Cos year-end, the spot rate was $.19, but the rate increased to $.22 by February 1, 2015, when payment was received. How much should Tango & Co report as foreign exchange transaction gain or loss as part of 2015 income?

$0.

$2,500 loss.

$5,000 gain.

$7,500 gain.