Cairo Ingot Limited is the Egyptian subsidiary of TM Aluminum, a US multinational that fashions automobile engine blocks from aluminum. TM's home reporting currency is US dollars. Cairo Ingot's December 31 Balance Sheet is shown below. At the date of this balance sheet the exchange rate between the Egyptian pounds and US dollars was E5.50/US$1. The company's equity has an historical exchange rate of E5.45/ US $1. What is TM's translation gain/loss on December 31? FINC 5510 - Multinational Financial Management