Ganado Europe $($B$).$ Using facts in the chapter for Ganado Europe, assume that the exchange rate on January $2,2016,$ in Exhibit $11\mathrm{.}6$ dropped in value from $$\frac{1\mathrm{.}2900}{}$ to $$\frac{0\mathrm{.}9100}{}.$ Recalculate

Ganado Europe's translated balance sheet for January $2,2016,$ with the new exchange rate using the temporal rate method as shown in the popup window, $.$

a$.$ What is the amount of translation gain or loss?

b$.$ Where should it appear in the financial statements?

c$.$ Why does the translation loss or gain under the temporal method differ from the loss or gain under the current rate method?

a$.$ What is the amount of translation gain or loss?

Data table

$ $($Round to the nearest dollar.$)$