Following is the B/S of WOS of a U.S. MNC. The MNC follows current rate method of translation. WOS: B/S in LC Total assets 11,000 Total Liabilities 6,900 Equity 4,100 Total 11,000 Total 11,000 Exchange rate was LC 4 = $1 last year, and the current exchange rate is LC5=$1. Are there translation gain or loss, and how much in $? Translation gain of $205. Translation gain of $615. O Translation loss of $205 O Translation loss of $615