On October 2, Y4, Jester Corporation borrowed 150,000 British pounds from a London bank, evidenced by an interest-bearing note payable due in one year. The note was payable in pounds. Exchange rates for pounds was: October 2, Y4 $ 1.60 December 31, Y4 $ 1.62 October 2, Y5 $ 1.56 What exchange gain or loss appeared on Jester's Y4 income statement?