Leader Inc. has the following foreign financing: The company borrowed US$370,000, for five years, when US$1.00 US$1.00 Cdn$1.05, and at the end of the second year is US$1.00 Required: Cdn$1.02. The exchange rate at the end of the first year is Cdn$0.99. Assume the debt was raised at par. Ignore interest. How much exchange gain or loss would be shown in eamings in the second year? (Do not round intermediate calculations.) Earnings in second year Exchange