The shareholders' equity section of Village Catering Incorporated's balance sheet disclosed the following amounts:

	Dec. 31, 2017	Dec. 31, 2016
Accumulated other comprehensive income	$2,816,000	$2,271,500

Additional disclosures indicated that the only component included in comprehensive income beyond net income resulted from foreign currency translation adjustments. Net income totaled $12,065,500 and $7,611,500 for the years ending December 31, 2017 and December 31, 2016, respectively. What caused the accumulated other comprehensive income balance to increase during 2017?

	A.	Exchange rate fluctuations resulted in gains
	B.	Off-balance-sheet financing occurred
	C.	Exchange rate fluctuations resulted in losses
	D.	Investments in variable interest entities increased