11. Sinkal Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U.S. corporation. Sinkal's functional currency was the stickle (). The following transactions and events occurred during 2011: What was the amount of the translation adjustment for 2011? A. $52,000 decrease in relative value of net assets. B. $60,800 decrease in relative value of net assets. C. $61,200 decrease in relative value of net assets. D. $466,400 increase in relative value of net assets. E. $26,000 increase in relative value of net assets