Grete Corp. had the following foreign currency transactions during 2015:

• Purchased merchandise from a foreign supplier on January 20, 2015, for the U.S. dollar equivalent of $68,000.
• On September 1, 2015, borrowed the U.S. dollar equivalent of $300,000 evidenced by a note that is payable in the lender's local currency on September 1, 2016. On December 31, 2015 the U.S. dollar equivalent of the principal amount was $320,000.

In Grete's 2015 income statement, what amount should be included as a foreign exchange loss?