Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2019, the subsidiary had the following balance sheet (amounts are in thousands [000s]):

Cash	NGN	15,230		Notes payable	NGN	20,140
Inventory		10,700		Common stock		20,140
Land		4,070		Retained earnings		10,070
Building		40,700
Accumulated depreciation		(20,350	)
	NGN	50,350			NGN	50,350

The subsidiary acquired the inventory on August 1, 2019, and the land and building in 2013. It issued the common stock in 2011. During 2020, the following transactions took place:

2020
Feb.	1		Paid 8,070,000 NGN on the note payable.
May	1		Sold entire inventory for 16,700,000 NGN on account.
June	1		Sold land for 6,070,000 NGN cash.
Aug.	1		Collected all accounts receivable.
Sept.	1		Signed long-term note to receive 8,070,000 NGN cash.
Oct.	1		Bought inventory for 20,070,000 NGN cash.
Nov.	1		Bought land for 3,070,000 NGN on account.
Dec.	1		Declared and paid 3,070,000 NGN cash dividend to parent.
Dec.	31		Recorded depreciation for the entire year of 2,035,000 NGN.

The U.S dollar ($) exchange rates for 1 NGN are as follows:

2011	NGN 1	=	$	0.0055
2013	1	=		0.0049
August 1, 2019	1	=		0.0069
December 31, 2019	1	=		0.0071
February 1, 2020	1	=		0.0073
May 1, 2020	1	=		0.0075
June 1, 2020	1	=		0.0077
August 1, 2020	1	=		0.0081
September 1, 2020	1	=		0.0083
October 1, 2020	1	=		0.0085
November 1, 2020	1	=		0.0087
December 1, 2020	1	=		0.0089
December 31, 2020	1	=		0.0098
Average for 2020	1	=		0.0088

1. Assuming the U.S.$ is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for 2020?

(Input all amounts as positive. Enter amounts in whole dollars.)