Aviola Hotels, located in the country of South Sudan is a wholly owned subsidiary of Enterprise Hotels Management, a Canadian company with headquarters in Toronto Ontario. The financial statements of Aviola for the year that ended December $31,$ Year $4,$ are presented below: Additional Information Inventory held by Aviola at the end of Year $4$ was purchased on November $30$ while the inventory held at the end of Year $3$ was purchased on October $30,$ Year $3.$ Plant assets relates to buildings and equipment that were acquired on January $1,$ Year $1$ when the exchange rate was $1$: SSP$100.$ Aviola declared and paid dividends on June $30,$ Year $4.$ Relevant exchange rates are as follows: Required: $($a$)$ Calculate the Year $4$ exchange gain $($loss$)$ that would result from the translation of Aviola's financial statements. $($b$)$ Translate Aviola's Year $4$ income statement into Canadian dollars. $($c$)$ Assume that Aviola's functional currency is the South Sudan Pound, determine the exchange gain or loss that will be recorded on translation of Aviola's financial statements. $[$ October $30,$ Year $3$ $ $1=$ SSP$107$; December $31,$ Year $3$ $ $1=$ SSP$104$; June $30,$ Year $4$ $ $1=$ SSP$110$; November $30,$ Year $4$ $ $1=$ SSP$111$; December $31,$ Year $4$ $ $1=$ SSP$116$; Average for Year $4$ $ $1=$ SSP$110]($Click to select$)$ Exchange gain Exchange loss $($Click to select$)$ Exchange gain Exchange loss