A Singapore subsidiary's trial balances for the beginning and end of 2020 appear below in Sincanore dollars (S\$): Sales, inventory purchases and other operating expenses occurred evenly during 2020. The plant assets on hand at the beginning of the year were purchased when the exchange rate was $0.75/S$. Plant assets of $500 were purchased in 2020 , when the exchange rate was $0.752/SS. Other exchange rates (U.S. dollars/S\$) are as follows: Required a. The subsidiary's functional currency is the Singapore dollar. Calculate the translation gain or loss for 2020. Specify whether it is a gain or loss. b. The subsidiary's functional currency is the U.S. dollar. Calculate the remeasurement gain or loss for 2020 . Specify whether it is a gain or loss