Wildhorse Corporation, a manufacturer of ethnic foods, contracted in 2025 to purchase 800 pounds of a spice mixture at $4.00 per pound, delivery to be made in spring of 2026.8412/31/25, the price per pound of the spice mixture had risen to $4.25 per pound In 2025, Wildhorse should recognize a loss of $200.00 again of $200.00. no gain or loss. a loss of $3200.00