EnHakore Ltd has bought a consignment of goods from a UK supplier and has been invoiced for 60,000. EnHakore Ltd has assumed an average annual exchange rate of 1-GH2.9 in its budget. The invoice was received a few days later, when the exchange rate was 1= GH2.78. The company buys the (pounds) from its bankers. When payment was made to the supplier the exchange rate was 1=2.60. i. Analyze the transaction to determine the exchange loss or gain made Advice EnHakore Ltd appropriately.