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A U . S . company owns an 8 0 % interest in a company located on Mars. Martian currency is called the Martian Credit.

A U.S. company owns an 80% interest in a company located on Mars. Martian currency is called the Martian Credit. During the year
the parent company sold inventory that had cost $23,800 to the subsidiary on account for $29,000 when the exchange rate was
$0.5192. The subsidiary still held one-half of the inventory and had not paid the parent company for the purchase at the end of the
fiscal period. The unsettled account is denominated in dollars. The exchange rate at the fiscal year-end was $0.4994.
(c1)
Assuming that the transaction had been denominated in 53,974 Martian Credits rather than dollars, compute the transaction gain
or loss that would be reported by the parent company. (Round answers to 0 decimal places, e.g.5,125.)
Transaction
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