Use the following information on the U.S. dollar value of the euro.

	Spot Rate	Forward Rate for April 30, 2021 Delivery
October 30, 2020	$ 1.230	$ 1.240
November 1, 2020	1.248	1.245
December 31, 2020	1.260	1.265
April 30, 2021	1.270	1.270

On October 30, 2020, a U.S. company receives a purchase order from a customer in Spain. Under the sale terms, the customer will pay the company 100,000 on April 30. On October 30, the U.S. company also enters a forward contract to sell 100,000 on April 30, 2021. The company delivers the merchandise to the customer on November 1. On April 30, the company receives 100,000 from the customer and sells it using the forward contract. The company's accounting year ends December 31. What net gain or loss is recognized in 2020, in addition to sales revenue?

	A.	$500 net loss
	B.	$500 net gain
	C.	$800 net loss
	D.	$800 net gain