On January 1, 2012, Crawford Inc What Is the Exchange Gain (Loss)recognized in Income During 2014

On January 1, 2012, Crawford Inc. issued 10,000,000 Euros (€) of bonds payable. The bonds are due on December 31, 2014. Over the life of the bonds, the exchange rates were as follows: $\begin{array}{|l|l|}\hline\text { January } 1,2012 & € 1=\$ 1.40 \\\hline \text { December } 31,2012 & € 1=\$ 1.45 \\\hline \text { December } 31,2013 & € 1=\$ 1.50 \\\hline \text { December } 31,2014 & € 1=\$ 1.48 \\\hline\end{array}$ What is the exchange gain (loss) recognized in income during 2014?

A) $(200,000)
B) $(800,000)
C) $ 800,000
D) $ 200,000