Fr y Ltd has the following foreign currency transactions in the year to 31/12/20X0:
15/11 Buys goods for $40,000 on credit from Texas Inc
15/11 Sells goods for $60,000 on credit to Alamos Inc
20/11 Pays Texas Inc $40,000 for the goods purchased
20/11 Receives $30,000 on account from Alamos Inc in payment for the goods sold
20/11 Buys machinery for $100,000 from Chicago Inc on credit
20/11 Borrows $90,000 from an American bank
21/12 Pays Chicago Inc $80,000 for the machinery

The exchange rates at the relevant dates were:
15/11 £1 = $2.60
20/11 £1 = $2.40
21/12 £1 = $2.30
31/12 £1 = $2.10

Required:
Calculate the profit or loss to be reported in the financial statements of Fry Ltd at 31/12/20X0.