Suppose that on January 1, American Golf’s French subsidiary, Golf du France, had a balance sheet that showed current assets of FF1 million; current liabilities of FF300,000; total assets of FF2.5 million; and total liabilities of FF900,000. On December 31, Golf du France’s balance sheet in francs was unchanged from the figures given above, but the franc had declined in value from $0.1270 at the start of the year to $0.1180 at the end of the year. Under FASB 52, what is the translation amount to be shown on American Golf's equity account for the year if the franc is the functional currency? How would your answer change if the dollar were the functional currency?