Denver Incorporated, a U$.$S$.$ company, bought machine parts from a German company on March $1,20$X$1,$ for $40,000,$ when the spot rate for euros was $$0\mathrm{.}4850.$ Denver's year$-$end was March $31,$ when the spot rate was $$0\mathrm{.}4920.$ On April $20,20$X$1,$ Denver paid the liability with $40,000$ acquired at a rate of $$0\mathrm{.}4825.$ Denver's income statements should report a foreign exchange gain or loss for the years ended March $31,20$X$1$ and $20$X$2,$ of:

A $$280$ gain in $20$X$1$ and $$100$ loss in $20$X$2$

B $$280$ gain in $20$X$1$ and $$0$ gain in $20$X$2$

C $$280$ gain in $20$X$1$ and $$380$ loss in $20$X$2$

D $$280$ loss in $20$X$1$ and $$380$ gain in $20$X$2$