tion $46$

Park Co$.\text{'}$s wholly$-$owned subsidiary, Schnell Corp., maintains its accounting records in German marks. Because all of Schnell's branch offices are in Switzertand currency is the Swiss franc. Remeasurement of Schnell's $\frac{20}{x}$I financial statements resulted in a $$7,600$ gain, and translation of its financial statements resultiod What amount should Park report as a foreign exchange gain in its income statement for the year ended December $31,20$X$1?$

$$ A$.$ $$15,700$

B$.$ $$0$

C$.$ $$7,600$

D$.$ $$8,100$