On December 18, 2011, Stephanie Corporation acquired 100 percent of a Swiss company for 3.7 million Swiss francs (CHF), which is indicative of fair value. At the acquisition date, the exchange rate was $0.70 = CHF 1. On December 18, 2011, the fair values of the subsidiarys assets and liabilities were: Cash CHF 500,000 Inventory 1,000,000 Fixed assets 3,000,000 Notes payable (800,000) Stephanie prepares consolidated financial statements on December 31, 2011. By that date, the Swiss franc has appreciated to $0.75 = CHF 1. Because of the year-end holidays, no transactions took place prior to consolidation. Determine the remeasurement gain or loss to be reported in Stephanies 2011 consolidated net income, assuming that the U.S. dollar is the functional currency. (Loss amount should be indicated with a minus sign. Omit the "$" sign in your response.) Remeasurement Cash$ Inventory: Fixed assets: Total assets: Notes payable: Owners equity: Retained earnings (remeasurement gain or loss): Total liabilities and owners' equity