On April 1, 2018, Montana Company entered into two forward exchange contracts to purchase 300,000 euros each in 90 days. The relevant exchange rates are as follows: Spot rate Forward Rate For Aug. 1, 2018 April 1, 2018 1.16 1.17 April 30, 2018 (year-end) 1.20 1.18 The second forward contract was strictly for speculation. On April 30, 2018, what amount of foreign currency transaction gain should Montana report in income