7. Following is the B/S of WOS of a U.S. MNC. WOS: B/S in LC Total assets 11,000 Total Liabilities Equity Total 11,000 Total 6,900 4,100 11,000 Exchange rate was LC 4 = $1 last year, and the current exchange rate is LC5=$1. Are there translation gain or loss, and how much in $? 8. Following is the B/S of WOS of a U.S. MNC. WOS: B/S in LC Total assets 11,000 Total Liabilities Equity Total 11,000 Total 6,900 4,100 11,000 Actual denomination of LC 6000 is $1500. Exchange rate was LC 4 = $1 last year, and the current exchange rate is LCS-S1. Are there translation gain or loss, and how much in S