Additional Information Agee issued additional shares of common stock during the year on April 1, 2020. Common stock at January 1, 2020, was sold at the start of operations in 2013. Agee purchased buildings in 2014 and sold one building with a book value of Kr 8,300 on July 1 of the current year. Equipment was acquired on April 1, 2020. Relevant exchange rates for 1 Kr were as follows: 2013 2014 January 1, 2020 April 1, 2020 $ 2.80 2.60 2.90 3.00 July 1, 2020 3.20 October 1, 2020 3.30 December 31, 2020 3.40 Average for 2020 3.10 a. Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2020? The December 31, 2019, U.S. dollar-translated balance sheet reported retained earnings of $90,200, which Included a remeasurement loss of $12,600. b. Assuming the foreign currency is the functional currency, what is the translation adjustment for 2020? The December 31, 2019, U.S. dollar-translated balance sheet reported retained earnings of $100,000 and a cumulative translation adjustment of $16,900 (credit balance). (For all requirements, input all answers as positive.) Answer is complete but not entirely correct. a. Remeasurement gain 12,680 b. Translation adjustment positive $ 97,820