Calculate Tristan Narvajas contribution to its parents translation gain or loss using the current rate method if the exchange rate on December 31 is $U20/$. Assume all peso accounts remain as they were at the beginning of the year. Calculate Tristan Narvajas contribution to its parents translation gain or loss using the current rate method if the exchange rate on December 31 is $U20/$. Assume all peso accounts remain as they were at the beginning of the year.

Balance Sheet (thousands of pesos Uruguayo, $U)

Exchange Rate
Assets	January 1st	($U/US$)
Cash	60.000	20
Accounts receivable	120.000	20
Inventory	120.000	20
Net plant & equipment	240.000	20
	540.000
Liabilities & Net Worth
Current liabilities	30.000	20
Long-term debt	90.000	20
Capital stock	300.000	15
Retained earnings	120.000	15
	540.000