Board Company has a foreign subsidiary that began operations at the start of 2017 with assets of 149.000 Rites (the local currency unt and liablities of 88.000. During this Initial year of operation, the subsidiary reported a profit of 43,000 kites. It distributed two dividends, each for 6,700 kites with one dividend declared on March 1 and the other on October 1. Applicable exchange rates for 1 kite follow January 1, 2017 (start of business) March 1, 2017 Weighted average rate for 2017 October 1, 2017 December 31, 2017 $0.75 0.73 0.72 0.71 0.70 a. Assume that the kite is this subsidiary's functional currency. What translation adjustment would Board report for the year 2017? b. Assume that on October 1, 2017, Board entered into a forward exchange contract to hedge the net investment in this subsidiary. On that date, Board agreed to sell 165,000 kites in three months at a forward exchange rate of $0.71/1 kite. Prepare the journal entries required by this forward contract c. Compute the net translation adjustment for Board to repo t in accumulated other comprehensive income for the year 2017 under this second set of circumstances. Required A Required B Required C Compute the net translation adjustment for Board to report in accumulated other comprehensive income for the vear 2017