You are the Vice President of Finance for Exploratory Resources, headquartered in Houston, Texas. In January 20X1, your firm's Canadian subsidiary obtained a six-month loan of 110,000 Canadian dollars from a bank in Houston to finance the acquisition of a titanium mine in Quebec province. The loan will also be repaid in Canadian dollars. At the time of the loan, the spot exchange rate was U.S. \$0.9003/Canadian dollar and the Canadian currency was selling at a discount in the forward market. The June 201 contract (face value = C $110,000 per contract) was quoted at U.S. $0.8946/ Canadian dollar. If the bank does hedge with the forward contract, what is the maximum amount it can lose? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount