Ajax Manufacturing's German subsidiary has the following balance sheet(in DM):

Cash, marketable securities: ......250,000

Accounts receivable .........1,000,000

Inventory ( at market) ......2,700,000

Fixed assets: ............5,100,000

Total assets DM .........9,050,000

Current liabilities DM .........750,000

Long-term debt ..........3,400,000

Equity ............4,900,000

Total liabilities plus equity: DM ..9,050,000.

Suppose the DM appreciates from $0.70 to $0.76 during the period.

Under the current/noncurrent method what is Ajax's translation gain (loss)?

Under the temporal method, what is Ajax's translation gain (loss)?