Darron Co. was formed on January 1, 2013 as a wholly owned foreign subsidiary of a U.S. corporation. Darron's functional currency was the stickle (). The following transactions and events occurred during 2013:

Jan 1 Darron issued common stock for 1,000,000.

June 30 Darron paid dividends of 20,000.

Dec 31 Darron reported net income of 80,000 for the year.

Exchange rates for 2011 were:

Jan 1 $1 = .48

June 30 $1 = .46

Dec 31 $1 = .42

Weighted average rate for the year $1 = .44

What was the amount of the translation adjustment for 2013?

A. $52,000 decrease in relative value of net assets.

B. $60,800 decrease in relative value of net assets

C. $61,200 decrease in relative value of net assets

D. $466,400 increase in relative value of net assets

E. $26,000 increase in relative value of net assets