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 240,000 euros. b. Sold goods to a U.S. customer on 25 November for US$84,000. c. Sold goods on 1 December, to a British customer for 160,000 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 1.56 1.02 1.62 0.98 .43 1.01 1.48 1.03 USS Required: Calculate the exchange gain or loss to be reported in 20X7. (Do not round intermediate calculations.)