A local candy importer purchased Egyptian candy costing 475,000 Egyptian pounds. The transaction is denominated in Egyptian pounds and equated to $73,600 on the transaction date. The spot rate on December 31, 20x2 (the company's end of year) was 1 Egyptian Pound = $0.176. On settlement date in 20x3, the spot rate was 1 Egyptian Pound = $0.180. Calculate the amount of gain/loss the company will report on its 20x2 financial statements related to this transaction. Enter your amount first followed by gain or loss (insert a space between the amount and the word)