95 Boerkian Co. started 2011 with two assets: Cash of 26,000 {Stickies} and Land that originally cost ?2,000 when acquired on April 4, 2003. On May 1, 2011, the company rendered services to a customer for 536,000, an amount immediately paid in cash. On October 1, 2011, the company incurred an operating expense of {22,000 that was immediately paid. No other transactions occurred during the year so an average exchange rate is not necessary. Currency exchange rates were as follows: 15.13111 4. 2003 l = $.23 January I. 2011 l = $.29 any 1. 2o11 l = $.so October 1. 2011 l = $.31 Bacon-tho: 31. 201] 1 = $.35 Assume Boerkian was a foreign subsidiary of a U.S. multinational company and the U.S. dollar was the functional currency of the subsidiary. Prepare a schedule of changes in the net monetary assets of Boerkian for the year 2011 and properly label the resulting gain or loss