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ABC Inc. has a single wholly-owned American subsidiary called US1 based in Los Angeles, California, which was acquired January 1, 2020. US1 submitted its financial statements for 2020 to ABC. Selected exchange rates in effect throughout 2020 are shown below:

January 1, 2020:	US $1 =	CDN $0.815
December 31, 2020:	US $1 =	CDN $0.8175
Average for 2020:	US $1 =	CDN $0.825
Date of Purchase of Inventory on Hand:	US $1 =	CDN $0.83
Date Dividends were declared:	US $1 =	CDN $0.8125

US1 financial results for 2020 were as follows: US1 Financial Statements at December 31, 2020 (in U.S. dollars)

Income Statement:
Sales	$5,000,000
Cost of Sales	$3,500,000
Depreciation Expense	$150,000
Bond Interest Expense	$100,000
Other Expense	$750,000
Net Income	$500,000
Statement of Retained Earnings:
January 1, 2020:	$400,000
Net Income	$500,000
Dividends	($100,000)
December 31, 2020:	$800,000
Balance Sheet
Cash	$1,200,000
Accounts Receivable	$1,900,000
Inventory	$700,000 ($500,000 January 1, 2020)
Plant and Equipment (net)	$400,000
	$4,200,000
Current Liabilities	$400,000
Bonds Payable	$2,000,000
Common Shares	$1,000,000
Retained Earnings	$800,000
	$4,200,000

Sales, purchases, bond interest, and other expenses occurred evenly throughout the year. US1 is considered to be a foreign subsidiary that has a different functional currency than ABC Inc.'s functional currency. What is the amount of the gain or loss arising from translation?

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