The following account balances are for the Agee Company as of January 1, 2009, and December 31, 2009. All figures are denominated in kroner (Kr). LO6 January 1, 2009 Accounts payable.(18,000)

Accounts receivable. 35,000 Accumulated depreciation—buildings. (20,000)

Accumulated depreciation—equipment .... -0-

Bonds payable—due 2012. (50,000)

Buildings. 118,000 Cash. 35,000 Commonstock. (70,000)

Depreciationexpense. -0-

Dividends(10/1/09). -0-

Equipment. -0-

Gain on sale of building. -0-

Rent expense. -0-

Retainedearnings. (30,000)

Salary expense. -0-

Sales. -0-

Utilities expense. -0-

December 31, 2009

(24,000)

79,000

(25,000)

(5,000)

(50,000)

97,000 8,000

(80,000)

15,000 32,000 30,000

(6,000)

14,000

(30,000)

20,000

(80,000)

5,000 Additional Information • Agee issued additional shares of common stock during the year on April 1,2009. Common stock at January 1, 2009, was sold at the start of operations in 2004.
• It purchased buildings in 2005 and sold one building with a book value of Kr 16,000 on July 1 of the current year.
• Equipment was acquired on April 1,2009.
• Retained earnings as of January 1,2009, were reported as $62,319.
Relevant exchange rates for 1 Kr were as follows:
2004.$2.40 2005.2.20 January 1, 2009.2.50 April 1,2009.2.60 July 1,2009.2.80 October 1,2009.2.90 December 31,2009.3.00 Average for 2009.2.70

a. If a remeasurement is being performed, what is the remeasurement gain or loss for 2009?

b. If a translation is being performed, what is the translation adjustment for 2009?