Toto svantage of the low interest rates in Europe, on Juy 1 2019, McDowell Industries of Edmonton borrowed EUR 2.6 milion from Band Parisiente, at 1% pa. The loan calls for interest to be paid annually on the loan aniversary McDowel Industries has June 30 year and The exchange rates for the period were foliows. July 1, 2016. EUR1 - CAD 1.487 June 30, 2020 EURT=CAD 1.527 Average for Day 1 2019 to June 30, 2020 EUR - CAD 1.511 What amount will McDowell Industries report as FX gain (loss) for the fiscal year ended June 30, 2020 for the bank loan including the interest? Indicale om man rombor. Round your answer to the nearest dollar Question 12 2 points Save To take advantage of the low interests in Europe, on July 1, 20, Dewel Industries of Edmonton bowed BUR 26 milionfrontare Paris ta Theancals foresta padaray on the anniversary McDowell Industries has June 30 year end. The exchange rates for the puted were as follows July 1, 2016 EURI-CAD 1.487 June 30, 2020 EURTGAD 1,527 Average for July 1, 2015 10 June 30, 2020 BURI-CAD 1511 What amount will McDowell Industrien report as FX gain (los) for the fiscal year ended June 30, 2020 for the bank loan including the interest? indicative ramt Round your answer to the nearest dollar LAR