I cannot figure out how the Exposed Position was calculated for the translation gain (loss) - 1,200. All of my work is correct and has been confirmed by instructor. Please advise.

74 Translation and Remeasurement Gain and Loss Costco Canada Holdings is a Canadian sub- L0 1 sidiary of Costco Wholesale Corporation, a U.S. company. Assume that the following data relate to Costco Canada's activities for 2020 (in millions). C$ 700 1,000 3,500 2,700 6,000 3,300 400 . .. . . . Net monetary assets (liabilities), January 1, 2020 . Acquisition of plant assets for debt, February 15, 2020. . Purchase of inventory made evenly during 2020. Collection of receivables outstanding at January 1, 2020 Sales made evenly during 2020..... . Depreciation of assets acquired when the exchange rate was $0.85/C$ . . . . . . . . .. . . Current operating expenses (excluding depreciation and amortization), 1,200 800 Refinancing or "rollover" of commercial paper