On December 1, 2013, Keenan Company, a U.S. firm, sold merchandise to Velez Company of Canada for 150,000 Canadian dollars (CAD). Collection of the receivable is due on February 1, 2014. Keenan purchased a foreign currency put option with a strike price of $.97 (U.S.) on December 1, 2013. This foreign currency option is designated as a cash flow hedge. Relevant exchange rates follow:

Compute the U.S. dollars received on February 1, 2014.
$138,000.
$136,500.
$145,500.
$141,000.
$142,500

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Common shares outstanding 1/1 200,000 Net income $270,000 Common stock dividends Common shares outstanding 12/31 300,000 $ 14,200 Preferred shares outstanding 1/1 Preferred stock dividends S 30,500 14,200 Preferred shares outstanding 12/31 Sales 8,100 $1,080,000