$($Spot exchange rate$)$ Suppose $1$ year$$ ago, Miller Company had inventory in Britain valued at $1\mathrm{.}1$ million Swiss francs. The exchange rate for dollars to Swiss francs was $1$ franc$=1\mathrm{.}13$ dollars.$$ Today, the exchange rate is $1$ Swiss franc$=1\mathrm{.}26$ U$.$S$.$ dollars. The inventory in Switzerland is still valued at $1\mathrm{.}1$ million francs. What is the U$.$S$.$ dollar gain or loss in inventory value as a result of the change in exchange$$ rates? Enter a positive number for a gain and negative for a loss.

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Part $1$

As a result of the change in exchange$$ rates, the U$.$S$.$ dollar gain or loss in inventory value is $$