Date July 1,2023(date borrowed) $265,000 December 31,2023(Mifflin's year-end)258,800 July 1,2024(date...

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Accounting

Date
July 1,2023(date borrowed) $265,000
December 31,2023(Mifflin's year-end)258,800
July 1,2024(date repaid)245,000
In Its 2024 Income statement, what amount should Mifflin Include as a forelgn exchange galn or loss on the note?
Multiple Choice
$13,800 gain
$13,800 loss
$20,000 gain
$20,000 loss
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