XYZ Corporation, a U.S.-based company, sells goods to a European customer for €100,000, with the date of the transaction being March 1. The exchange rate at the date of transaction is 1.1 USD/EUR. The company subsequently receives the payment on April 1, when the exchange rate is 1.2 USD/EUR. XYZ Corporation uses the transaction date method for recording foreign currency transactions.

What will be the amount of foreign currency gain or loss that XYZ Corporation recognizes in its financial statements as a result of this transaction?