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?

a$.$ What is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss.

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

Data table

EXHIBIT $11\mathrm{.}6$ Ganado Europe's Translation Loss After Depreciation of the Euro: Temporal Method

$($a$)$ Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years,

translated to exchange rates in each year.

$($b$)$ Translated into dollars at the same rate as before depreciation of the euro.

$($c$)$ Under the temporal method, the translation loss would be closed into retained earnings through the income statement rather

than left as a separate line item as shown here.