At the beginning of the current year, a U.S. company established a subsidiary in Canada, having the following balance sheet (shown in Canadian dollars): Cash C$ 100,000 Liabilities C$ 200,000 Fixed assets, net 300,000 Capital stock 200,000 Total C$ 400,000 Total C$ 400,000 At the end of the year, the subsidiary reported the following trial balance: Dr (Cr) Cash C$ 150,000 Fixed assets, net 250,000 Liabilities (160,000) Capital stock (200,000) Sales (490,000) Depreciation expense 50,000 Out-of-pocket expenses 400,000 C$ 0 Exchange rates are as follows: Beginning of year $0.80 Average for year 0.78 End of year 0.82 What is the gain or loss that occurs when the subsidiary's trial balance is remeasured into U.S. dollars