Charger Corp. purchased inventory on December 1, 2020. Payment of 500,000 stickles was to be made on January 31, 2021. Also on December 1, Charger signed a forward contract to purchase 500,000 on January 31, 2021. The spot rate was 1 = 0.400, and the 60-day forward rate was 1 = $0.370. On December 31, the spot rate was 1 = 0.423 and the 30-day forward rate was 1 = 0.413. The forward contract is designated as a fair value hedge. What is the foreign exchange gain/(loss) to be recorded on the December 31, 2020 income statement from the forward contract ____ Note: Answer should include both an amount and whether it is a gain or loss.