Larson, Inc What Is the Net Amount of the Gains or Losses

Larson, Inc.sold merchandise for 600,000 FC to a foreign vendor on November 30, 2020.Payment in foreign currency is due January 31, 2021.On the same day, Larson signed an agreement with a foreign exchange broker to sell 600,000 FC on January 31, 2021.The discount rate is 8% and exchange rates to purchase 1 FC are as follows: ?

$$\begin{array} { l r r r } & \text { Nov. } 30,2020 & \text { Dec. } 31,2020 & \text { Jan. } 31,2021 \\\text { Spot } & \$ 1.49 & \$ 1.46 & \$ 1.43 \\30 \text { day } & \$ 1.48 & \$ 1.43 & \$ 1.44 \\60 \text { day } & \$ 1.47 & \$ 1.40 & \$ 1.42\end{array}$$ What is the net amount of the gains or losses recognized in the financial statements for the year ended December 31, 2020?

A) $5,840 gain
B) $6,000 loss
C) $18,000 loss
D) $12,000 gain