Question $27$: On December $9,20$X$0,$ U$.$S$.$ Company X acquired inventory from a British supplier for $100,000,$ with payment due in pounds on January $8,20x1.$ Spot exchange rates for the pound were: December $9,20x0,$$$1\mathrm{.}50$; December $31,20x0,$$$1\mathrm{.}55$; and January $8,20x1,$$$1\mathrm{.}57.$ For Company X with a December $31,20$X$0$ closing, these transactions resulted in a foreign currency transaction

a$)$ Loss of $$0$ in $20x0$ and loss of $$7,000$ in $20x1.$

b$)$ Loss of $$5,000$ in $20x0$ and loss of $$2,000$ in $20x1.$

c$)$ Gain of $$5,000$ in $200$ and gain of $$2,000$ in $20x1.$

d$)$ Gain of $$0$ in $200$ and gain of $$7,000$ in $20x1.$