Parmelee Inc. located in Wyoming, sold its product to Santa Luzia located in Brazil for 50,000 reals on August 26, Year Two. The money will be collected in Year Three. On the date of sale, 2 reals could be exchanged for 1 dollar. Parmelee prepared its balance sheet on December 31, Year Two. On the balance sheet date, 1.75 reals could be exchanged for one dollar. What is the exchange gain or loss recorded for Year Two? $3,571 loss $250 loss $3,571 gain $28,571 gain $250 gain