What would be the net impact on Rutgers NY Corp.'s 2018 income statement related to this transaction? Rutgers NJ Corp. sold parts to a Russian customer on December 16, 2018, with payment of 10 million Russian won to be received on January 15, 2019. The following exchange rates applied:

Date	Spot Rate	Forward Rate on Jan 15
December 16, 2018	$ .00092	$ .00098
December 31, 2018	$ .00090	$ .00093
January 15, 2019	$ .00095	$ .00095

a. $ 500 (gain).

b. $ 500 (loss).

c. $ 200 (gain).

d. $ 200 (loss).

e. $300 (gain)