Beta Co purchased 4,250 shares of Company W on 1 September 20x2. The share price was USD12.50 on the date of purchase. T

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Beta Co purchased 4,250 shares of Company W on 1 September 20x2.
The share price was USD12.50 on the date of purchase.
The functional currency of company B was SGD. The equity
purchase was classified as trading.
The share price was USD5.50 on 31 December 20x2. The USD/SGD
spot rates are as follows:
USD/SGD spot rates
1-Sep-20x2
1.12
31-Dec-20x2
1.04
What is Beta's journal entry on 31 Dec 20x2?
a.
Dr. Exchange Loss $24,957
Cr. Investment in Trading
Securities $24,957
b.
Dr. Exchange Loss $35,190
Cr. Investment in Trading
Securities $35,190
c.
Dr. Loss in FV of Trading Securities - Income
$35,190
Cr. Investment in Trading
Securities
$35,190
d.
Dr. Loss in FV of Trading Securities - Income
$24,957
Cr. Investment in Trading
Securities
$24,957