An entity has a foreign subsidiary whose carrying value at cost is $35 million. It sells the subsidiary on 31 December 2008 for 52 million euro. As at 3 December 2008, the credit balance on the exchange reserve which relates to this subsidiary was $8 million. The functional currency of the entity is the dollar and the exchange rate on 31 December 2008 is $1 = 1.3 euro. The net asset value of the subsidiary at the date of disposal was $34 million. What is the profit or loss on the sale of the subsidiary that will appear in the group statement of comprehensive income? A $8 million $5 million B C $14 million D $13 million