Cooper Corporation is based in Quebec. At the end of 2019, the company's accounting records show the following items:

  

a) Total sales revenue of $2,750,000, including $415,000 in the Carter division, for which the company has a formal plan of sale. b) Interest expense of $68,000. c) Operating expenses of $2,130,000, Of the total expenses, $412,000 was incurred in the Carter division. d) Asset impairments related to the Carter division. These assets had an original cost of $100,000 and the sale resulted in a loss of $2,000. e) Cooper Corporation has long-term debt denominated in U.S. dollars. Due to the weakening of the U.S. dollar during 2019, the company had an unrealized gain of $20,000. ) Cooper Corporation has a subsidiary in France. The euro strengthened during the year, with the result that Cooper Corporation had an unrealized gain of $14,000 on its net investment in the subsidiary