On July 1, 2017, Mifflin Company borrowed 200.000 euros from a foreign lender evidenced by an interest-bearing note due on July 1, 2018. The note is denominated in euros. The U.S. dollar equivalent of the note principal is as follows: Date July 1, 2017 (date borrowed) December 31, 2017 (Mifflin's year-end) July 1, 2018 (date repaid) Amount $ 225,000 220,000 210,000 In its 2018 income statement, what amount should Mifflin include as a foreign exchange gain or loss on the