On January 1, 2009, USAco, a domestic corporation, acquires £10,000. On January 15, 2009, USAco uses the £10,000 to purchase inventory. USAco has a Code Sec. 988 transaction from:
1. the acquisition of the £10,000.
2. the disposition of the £10,000.
3. both the acquisition and disposition of the £10,000.
4. neither the acquisition nor the disposition of £10,000.