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On September 1, year 1, Cano & Co., a US corporation, sold merchandise to a foreign firm for 250,000 Botswana pula. Terms of the sale require payment in pula on February 1, year 2. On September 1, year 1, the spot exchange rate was $.20 per pula. At December 31, year 1, Cano’s year-end, the spot rate was $.19, but the rate increased to $.22 by February 1, year 2, when payment was received. How much should Cano report as foreign exchange transaction gain or loss as part of year 2 income?