Levinson Co. established a subsidiary in Mexico on January 1, 2021. The subsidiary engaged in the following transactions during 2021:

Jan. 1	Sold common stock to Levinson for 7,500,000 pesos.
	Purchased inventory throughout the year, 10,000,000 pesos. ( of the inventory remained at year end.)
	Sales for the year totaled 14,000,000 pesos.
Dec. 31	Purchased equipment for 1,500,000 pesos.

Levinson concluded that the subsidiary's functional currency was the dollar. Exchange rates for 2021 were:

Jan.	1	1	peso	=	$	0.23
	31	1	peso	=	$	0.21
Dec.	31	1	peso	=	$	0.17
Weighted average rate for the year		1	peso	=	$	0.20

What amount of foreign exchange gain or loss would have been recognized in Levinsons consolidated income statement for 2021?