Wild, Inc. sold merchandise for 400,000 FC to a foreign vendor on November 30, 2020. Payment in foreign is due January 31, 2021. Exchange rates to purchase 1 foreign currency unit are as follows: Nov. 30, 2020 $1.49 Jan 31, 2021 Dec 31, 2020 $1.45 $1.43 Spot 30 day $1.44 $1.48 M 60 day $1.46 $1.41 In the year in which the sale was made, 2020, what amount should Wild report as foreign exchange gain loss from this transaction? Select one: a. $16,000 loss b. $20,000 loss c. $20,000 loss d $16,000 gain search OR