Hodge Co. form Bison Co., a subsidiary in Mexico, on 01/01/2022. Bison entered into the following transactions during 2022: 01/01/2022Sold common stock to Hodge for 7.5M pesos. Purchased inventory throughout the year, 10,000,000 . (of the inventory remained at year end.) Sales for the year totaled 14M pesos. 12/31/2022 Purchased equipment for 1.5M pesos. Bison's functional currency was the US dollar. Exchange rates for 2022 follows: Jan. 1 31 Dec. 31 1peso $0.23 1peso $0.21 1peso $0.17 Weighted average rate for the year 1peso $0.20 What amount of foreign exchange gain or loss would have been recognized in Hodge's 2022 consolidated income statement