On July 1, 2009 Canuck Ltd. sold inventory to its main foreign customer Euro Ltd., at a price of 10,000 Euros. Canuck Ltd.'s year end is on July 31. The exchange rates in effect at each of these dates are: Transaction Date: July 1, 2009: Year End Date: July 31, 2009: Settlement Date: Aug. 31, 2009: 1 Euro = $0.920 CDN. 1 Euro = $0.910 CDN. 1 Euro = $0.905 CDN. 17. What would be the amount of the foreign exchange gain or loss adjustment recorded at the Balance Sheet date?