Boerkian Co. started 2018 with two assets: Cash of 26,000 (Stickles) and Land that originally cost 72,000 when acquired on April 4, 2015. On May 1, 2018, the company rendered services to a customer for 36,000, an amount immediately paid in cash. On October 1, 2018, 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:

Exchange Rate Chart

April 4, 2015		1	=	$	0.28
January 1, 2018		1	=	$	0.29
May 1, 2018		1	=	$	0.30
October 1, 2018		1	=	$	0.31
December 31, 2018		1	=	$	0.35

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 2018 and properly label the resulting gain or loss.