AU.S. company establish a subsidiary in Mexico on January 1 year I, by investing 1.000.000 pesos. During its first year of operations, the Mexican company generates net income of 20.000 pesos. No dividends were sent to the parent The exchange rates between U.S. dollars and pesos are as follows: January 1.year 1 S0.84 Determine the amount of translation adjustment is it positive for negative adjustment? Average, year 1 S 0,80 December 31. year 1 S0.75