Grand Ltd. is a Canadian company that had the following transactions in 20X7: a. Sold goods to a customer in Belgium on 25 November for 305,000 euros. b. Sold goods to a U.S. customer on 25 November for US$76,000. C. Sold goods on 1 December, to a British customer for 225,000 euros. d. On 15 December, the customer in transaction (a) paid. At year-end, the other two accounts receivable were still outstanding. EXCHANGE RATES Canadian Equivalencies 25 November 01 December 15 December 31 December Euro 1.52 1.58 1.39 1.44 US$ 1.03 0.99 1.02 1.04 Required: Calculate the exchange gain or loss to be reported in 20x7. (Do not round intermediate calculations.)