On December 31, 2019, Hilman Enterprises of Montreal paid $12,000,000 for 100% of the outstanding shares of Wilsen Corp of the United States. Wilsen's fair values approximated its book values on that date. Wilsen's comparative balance sheets for 2019 and 2020 are shown below: Balance Sheet as at December 31 (in U.S. Dollars) 2020 2019 Current Monetary Assets $8,000,000 $7,500,000 Inventory $2,000,000 $3,000,000 Plant and Equipment (Net) $1,500,000 $1,800,000 Total Assets $11,500,000 $12,300,000 Current Liabilities $1,100,000 $2,300,000 Bonds Payable (due Dec 31, 2026) $5,000,000 $5,000,000 Common Shares $4,000,000 $4,000,000 Retained Earnings $1,400,000 $1,000,000 Total Liabilities and Equity $11,500,000 $12,300,000 Income Statement for the Year ended December 31, 2020 Sales $5,200,000 Inventory, January 1, 2020 $3,000,000 Purchases $3,000,000 Inventory, December 31, 2020 ($2,000,000) Depreciation Expense Other Expenses Net Income $300,000 $400,000 $4,700,000 $500,000 Other Information: Exchange Rates: December 31, 2019: September 30, 2020: December 31, 2020: Average for 2020: US $1 CDN $1.1850 US $1 CDN $1.1975 US $1 CDN $1.20 US $1 CDN $1.19 Wilsen paid US$100,000 in dividends on September 30, 2020. The inventories on hand at the end of 2020 were purchased when the exchange rate was US$1 CDN$1.195. Sales, purchases and other expenses occurred evenly throughout the year. Compute Wilsen's exchange gain or loss for 2020 if Wilson's functional currency is the same as Hilman Enterprises' functional currency (.e., the Canadian dollar)