On April 1, 2020, Summit County issued $10,000,000 in variable rate debt, with interest paid on March 31 of each year, the county's fiscal year-end. The variable rate is adjusted at the beginning of each year. The variable rate for fiscal 2021 was 2.9%. On the same date, the county entered a receive variable/pay fixed interest rate swap, where the county pays a 3.1% fixed rate to a counterparty. The swap qualifies for hedge accounting. At the end of fiscal 2021, the variable rate is reset to 3.2% and the swap has increased in value by $75,000. By the end of fiscal 2022, the variable rate is reset to 3.4%, and the swap has increased in value by $125,000. At the beginning of fiscal 2022, the county decides the swap no longer qualifies for hedge accounting. The adjusting entry results in

	A.	an increase in deferred inflows of resources, in the amount of $200,000.
	B.	a $200,000 gain, reported on the government-wide statement of activities.
	C.	a write-off of the derivatives investment, in the amount of $200,000.
	D.	a $200,000 loss, reported on the government-wide statement of activities.