Existing Subsidiary --Remeasurement: Pennymarkets Corporation, a U.S. firm, acquired SuperValu, on January 1, 2019. SuperValu is a Swedish company that has been in existence for several years, and whose functional currency is the U.S. dollar. Comparative account balances for January 1 and December 31, 2019, appear below, measured in krona (kr), the Swedish currency.

Account Balances	December 31	January 1
Cash	kr 240,000	kr 175,000
Accounts receivable, net	360,000	400,000
Plant and equipment, net	2,000,000	2,320,000
Accounts Payable	(200,000)	(535,000)
Notes Payable	(600,000)	(800,000)
Capital Stock	(400,000)	(400,000)
Retained Earnings, January 1	(1,160,000)	(1,160,000)
Sales	(1,200,000)	-----
Depreciation expense	320,000	-----
Other expenses	640,000	-----
Totals	kr 0	kr 0

Exchange rates in 2019 were:

Date	$/kr
January 1, 2019	$0.13
Average for 2019	$0.14
December 31, 2019	$0.16

Required:

Include a schedule calculating the 2019 remeasurment gain or loss, appearing in 2019 income.