2. (15 points) Foreign Sub is a wholly owned subsidiary of U.S. Domestic Corporation. U.S. Domestic Corporation acquired the subsidiary several years ago. The financial statements for Foreign Sub for On January 1, 2022, Foreign Sub issued FC120 of long-term debt and FC120 of common stock in the acquisition of land costing FC240. Operating activities occurred evenly over the year. a. Assume that the currency of Foreign Sub is the functional currency. 1. Compute the change in the cumulative translation adjustment for 2022 . 2. Indicate whether the change increases or decreases shareholders' equity. (Use dropdown menu.) b. Assume that the U.S. dollar is the functional currency. 1. Compute the amount of the translation gain or loss for 2022. 2. Indicate whether the amount is a gain or loss. (Use drop-down menu.)