Gate inc. had a $30,000 credit adjustment for the year ended december 31, 20x2, from restating its foreign subsidiary’s accounts from their local currency units into u. s. dollars. additionally, gate had a receivable from a foreign customer payable in the customer’s local currency. on december 31, 20x1, this receivable for 200,000 local currency units (lcu) was correctly included in gate’s balance sheet at $110,000. when the receivable was collected on february 15, 20x2, the u. s. dollar equivalent was $120,000. in gate’s 20x2 consolidated income statement, how much should be reported as foreign exchange gain in computing net income if the lcu is the functional currency?