A U$.$S$.$ company acquired an Italian subsidiary at the beginning of the current year. The subsidiary's trial balances for January $1$ and December $31$ are presented below, in euros:

Sales revenue $(800,000)$

Operating expenses $q,765,000$

Total $00$

New plant & equipment of $100,000$ was acquired during the year. Operating expenses include $65,000$ of depreciation on plant & equipment of which $10000$ is related to plant & equipment purchased during the year. Exchange rates are as follows:

January $1$ $$0\mathrm{.}24$

Average for year $0\mathrm{.}25$

Plant and equipment acquired $0\mathrm{.}26$

Dividends declared $0\mathrm{.}27$

December $310\mathrm{.}3$

Assume that the subsidiary's functional currency is the turkish lira. What are translated total assets for the subsidiary at the end of the year?

What is the translation gain or loss for the year?