U.S. firm imports equipment from Germany on March 1 for 200,000 when the exchange rate is $1.3112 per euro. Payment in Euro does not have to be made until April 30. Assume that on March 31, the exchange rate is $1.35 and on April 30 is $1.33. The firm's books are closed at the end of the calendar quarter. On March 31 and April 30, foreign exchange (FX) loss/gain should be recorded respectively as:

		A) FX Loss on March 31 and FX Gain on April 30.
		B) FX Loss on March 31 and FX Loss on April 30.
		C) FX Gain on March 31 and FX Gain on April 30.
		D) FX Gain on March 31 and FX Loss on April 30.