LO.4 Peck, Inc., a U.S. corporation, purchases weight-lifting equipment for resale from HiDisu, a Japanese corporation, for 75 million yen. On the date of purchase, 75 yen is equal to $1 U.S. (¥75:$1). The purchase is made on December 15, 2012, with payment due in 90 days. Peck is a calendar year taxpayer. On December 31, 2012, the foreign exchange rate is ¥80:$1. What amount of foreign currency gain or loss, if any, must Peck recognize for 2012 as a result of this transaction? For 2013?