Ganado Europe $($C$).$ Using facts in the chapter for Ganado Europe, assume the exchange rate on January $2,2016,$ in Exhibit $11\mathrm{.}5$ appreciated from $$\frac{1\mathrm{.}1700}{}$ to $$\frac{1\mathrm{.}5600}{}.$ Calculate Ganado Europe's

translated balance sheet for January $2,2016,$ with the new exchange rate using the current 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?

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

Data table

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