11.8 Bangkok Instruments, Ltd. (A). Bangkok Instru- ments, Ltd., the Thai subsidiary of a US. corpora tion, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globallythough with recent commodity price increases of all kinds includ- ing copper, its business has begun to grow rapidly. Sales are primarily to multinational companies based in the United States and Europe. Bangkok Instru- ments' balance sheet in thousands of Thai bahts (B) as of March 31 is as follows: Bangkok Instruments, Ltd. Balance Sheet, March 1, thousands of Thai bahts Liabilities and Net Worth Cash B24.000 Accounts 318,000 payable Accounts 36,000 Bank loans 60,000 receivable Inventory 48,000 Common 18,000 stock Net plant and Retained equipment 60,000 earnings 72,000 B168,000 3168,00!) Exchange rates for translating Siam Toy's balance sheet into US. dollars are: B40.00t$ April 1st exchange rate after 25% devaluation. B30.00i$ March 315t exchange rate, before 25 % devaluation. All inventory was acquired at this rate. 320.003 Historic exchange rate at which plant and equipment were acquired- Using the data presented, assume that the Thai baht dr0pped in value from B30!$ to B40f$ between March Blst and April Ist. Assuming no change in balance sheet accounts between these two days, calculate the gain or loss from translation by both the current rate method and the temporal method. Explain the translation gain or loss in terms of changes in the value of exposed accounts