XYZ Company purchased oquitoent for 500,000 British pounds from a supplier in London on May 7, 2021. Payment in British pounds is due on July 7, 2021. The exchange rates to purchase one pound is as follows May June 31 (Year-oduly 7 Spot rate L.ON 4:05 4:04 30-day rate 4.02 4.00 60-day rate 4.06 399 On its June 30, 2021 income statement, what amount should XYZ roport as a foreign exchange transaction O A $15,000 OB $10,500 OC $7,000 None of the above