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 237,500 local currency units (LCU) in its balance sheet at $170,000. When Post collected the receivable on February 15, 2016, the U.S. dollar equivalent was $146,000. In Posts 2016 consolidated income statement, how much should it report as a foreign exchange loss?

A. 16,000

B. 24,000

C. 0

D. 40,000