SUC national Accounting(1) 17 On April 1, A.C. Corporation a calendar-year U.S. electronics manufacturer, KS ed out of on buys 830000 Yen worth of computer chips from the Hidachi company paying 10 percent down, the balance to be paid in 3 months. Interest at 8 percent per annum is payable on the unpaid foreign currency balance. The U.S. dollars Japanese Yen exchange rate on April 1 was $1.00= 109.5; on July 1 it was $1.00=102.5. What would be the translation gain or loss for this transaction