Syrup Co, which reports in $, sells goods to a UK company for 200,000 on 1 November 20X0 when the exchange rate is $1.40: 1. At the year end of 31 December 20X0, half of the goods remain in stock and none of the amount owed has been received; the exchange rate at this date is $1.25:$1. What amount does Syrup Co report in profit or loss as an exchange gain or loss in the year ended 31 December 20X0?

a) Loss of $15,000

b) Loss of $30,000

c) Gain of $30,000

d) Gain of $15,000