Post, Inc., had a receivable from a foreign customer that is payable in the customers local currency. On December 31, 2015, Post correctly included this receivable for 372,500 local currency units (LCU) in its balance sheet at $240,000. When Post collected the receivable on February 15, 2016, the U.S. dollar equivalent was $221,400. In Posts 2016 consolidated income state how much should it report as a foreign exchange loss?

A. $18,600.

B. $0.

C. $31,000.

D. $12,400