BPP Ltd has the following foreign currency transactions in the year to 31 December 2019: \begin{tabular}{ll} 15/11 & Buys goods for $40,000 on credit from Chicago Inc. \\ 15/11 & Sells goods for $60,000 on credit to Dallas Inc. \\ 20/11 & Pays Chicago Inc $40,000 for the goods purchased. \\ 20/11 & Receives $30,000 on account from Dallas Inc. in payment for goods sold. \\ 20/11 & Buys machinery for $100,000 from Houston Inc. on credit. \\ 20/11 & Borrows $90,000 from an American Bank. \\ 21/12 & Pays Houston Inc. $80,000 for the machinery. \end{tabular} The exchange rates at the relevant dates were: \begin{tabular}{ll} 15/11 & 1=$2.60 \\ 20/11 & 1=$2.40 \\ 21/12 & 1=$2.30 \\ 31/12 & 1=$2.10 \end{tabular} Required: Calculate the total foreign exchange profit or loss to be reported in the financial statements of BPP Ltd on 31 December 2019 under IAS 21 'The Effects of Changes in Foreign Exchange Rates'. Round all figures to the nearest