answer part A-B

Ganado Europe (D). Using facts in the chapter for Ganado Europe, assume that the exchange mate on danuary 2, 2016, in Exhibit i1.6 appreciated from $1.1000 e fo 51.4600 E. Calculate Ganado Europe's traeslated belance sheet for January 2, 2016, with the new exchange rate using the temporal rate method as shown in the popop window. a. What is the amount of translation gain of loss? b. Where should h appear in the financial stakements? t. What is the arnount of transiation gain or loss? ENhor a positive number for a gain and negative for a loss: (Round to the nearest dollar) EXHIBIT 11.6 Ganado Europe's Translation Loss After Depreciation of the Euro: Temporal Method (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained eamings of all prior years. translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the euro. (c) Under the temporal method, the translation loss would be closed into retained earnings through the income statement rather than left as a separate line item as shown here