Flynn Corporation purchased bicycles from a British manufacturer at a price of 45,000 British pounds on November 15, 2014 with payment due in 60 days

Using the following exchange rates, what gain or loss from currency fluctuations should be recognized in 2014 and 2015, respectively?

A. A $2,250 loss in 2014 and a $900 gain in 2015.

B. No gain or loss in 2014 and a $1,350 loss in 2015.

C. A $2,250 gain in 2014 and a $900 loss in 2015.

D. No gain or loss in 2014 and a $1,350 gain in 2015.

A