A U.S. company with a June 30 fiscal year-end established a subsidiary in Singapore on July 1, 2020. Following is information on the activities of the subsidiary during fiscal 2021, in Singapore dollars (S$):

Subsidiary Balance Sheets
	July 1, 2020	June 30, 2021		July 1, 2020	June 30, 2021
Cash	S$ 10,000	S$ 17,000	Liabilities	S$100,000	S$ 95,000
Accounts receivable	0	8,000	Capital stock	250,000	250,000
Inventories (cost)	40,000	50,000	Retained earnings	--	10,000
Plant assets, net	300,000	280,000		________	________
Total	S$350,000	S$355,000	Total	S$350,000	S$355,000

The following events occurred during fiscal 2021:

1.	Sales (evenly through the year)	S$800,000
2.	Inventory purchases (all for cash, evenly through the year)	400,000
3.	Cost of goods sold	390,000
4.	Purchase of plant assets for cash (on November 1, 2020)	50,000
5.	Depreciation expense (S$60,000 on the plant assets acquired July 1, 2020, S$10,000 on the plant assets purchased November 1, 2020)	70,000
6.	Other operating expenses (all for cash, evenly through the year)	330,000

Exchange rates are as follows ($/S$):

July 1, 2020	$0.69
November 1, 2020	0.70
March 15, 2021	0.72
June 30, 2021	0.74
Average for fiscal 2021	0.71

Required

a. Calculate the remeasurement gain or loss for fiscal 2021.

b. Calculate the translation gain or loss for fiscal 2021.

c. Present the remeasured income statement for fiscal 2021.

d. Present the translated income statement for fiscal 2021.

e. Present the remeasured balance sheet as of June 30, 2021.

f. Present the translated balance sheet as of June 30, 2021.