How to calculate profits and losses (MODUL 4-15)

A speculator with $500,000 wants to buy Canadian dollars when the spread is 1.1957/62. The position is offset when the spread is 1.1862/66. What will be the result?

A. US $5,000 gain

B. US $5,000 loss

C. US $3,834 gain

D. US $3,834 loss