Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2019, the subsidiary had the following balance sheet (amounts are in thousands [000s]): Cash Inventory Land Building Accumulated depreciation NGN 16,800 12,000 4,200 42,000 (21,000) NGN 54,000 Notes payable Common stock Retained earnings NGN 20,400 22,400 11,200 NGN 54,000 The subsidiary acquired the inventory on August 1, 2019, and the land and building in 2013. It issued the common stock in 2011. During 2020, the following transactions took place: 2020 Feb. 1 Paid 8,200,000 NGN on the note payable. May 1 Sold entire inventory for 18,000,000 NGN on account. June 1 Sold land for 6,200,000 NGN cash. Aug. 1 Collected all accounts receivable. Sept. 1 Signed long-term note to receive 8,200,000 NGN cash. Oct. 1 Bought inventory for 20,200,000 NGN cash. Nov. 1 Bought land for 3,200,000 NGN on account. Dec. 1 Declared and paid 3,200,000 NGN cash dividend to parent. Dec. 31 Recorded depreciation for the entire year of 2,100,000 NGN. The U.S dollar ($) exchange rates for 1 NGN are as follows: 2011 2013 August 1, 2019 NGN 1 = $ 0.0068 1 = 0.0062 1 = 0.0082 December 31, 2019. February 1, 2020 1 = 0.0084 1 = 0.0086 May 1, 2020 1 = 0.0088 June 1, 2020 1 = 0.0090 August 1, 2020 1 = 0.0094 September 1, 2020 1 = 0.0096 October 1, 2020 1 = 0.0098 November 1, 2020 1 = 0.0100 December 1, 2020 December 31, 2020 Average for 2020. 1 = 0.0102 1 = 0.0124 1 = 0.0114 a. Assuming the NGN is the subsidiary's functional currency, what is the translation adjustment determined solely for 2020? b. Assuming the U.S.$ is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for 2020? (Input all amounts as positive. Enter amounts in whole dollars.) Answer is not complete. translation a. Positive adjustment b. Remeasurement gain