(Spot exchange rate) Suppose 1 year ago, Miller Company had inventory in Britain valued at 1.8 million Swiss francs. The exchange rate for dollars to Swiss francs was 1 franc= 1.14 dollars. Today, the exchange rate is 1 Swiss franc= 1.03 U.S. dollars. The inventory in Switzerland is still valued at 1.8 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.

As a result of the change in exchange rates, the U.S. dollar gain or loss in inventory value is $___ (round to nearest dollar)