A Spanish Subsidiary of a U

A Spanish subsidiary of a U.S. parent reports the following information on its statement of cash flows:
•Beginning cash balance, €10,000
•Cash from operating activities, €500,000
•Cash used for investing activities, €650,000
•Cash from financing activities, €160,000
•Beginning rate, €1.24; average rate, €1.26; ending rate, €1.30
•Operating, investing, and financing cash flows were incurred evenly over the year.
What is the effect of exchange rate changes on cash?

A) $1,000 gain
B) $1,000 loss
C) $ 800 gain
D) $ 800 loss