On June $1,$ the PM Corp. $($a U$.$S$.-$based company$)$ sold goods to a Swiss customer for $100,000$ francs, who will pay on October$1.$ On June $1,$ PM purchased an option $($strike price $=$ $$1\mathrm{.}00)$ to sell $100,000$ francs on October$1.$ The option is designated a fair value hedge.$$ The option's time value is excluded in assessing hedge effectiveness, and the change in time value is recognized in net income.$$ Relevant $ exchange rates per franc and option premia follow.

Date Spot Rate Put Option Premium for Oct. $1($strike price $$1\mathrm{.}00)$ June $1$ $$1\mathrm{.}000$ $$0\mathrm{.}040$ June $300\mathrm{.}9850\mathrm{.}032$ October $10\mathrm{.}972$ N$/$A

What is the net foreign exchange gain or loss PM will recognize in its June $30$ income statement? Put a $-$ sign in front of a net loss.

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