I he tollowing account balances are tor the Agee Company as of January 1, 2UU, and December 31,2U2U. All amounts are denominated in kroner (Kr). Additional Information - Agee issued additional shares of common stock during the year on April 1, 2020. Common stock at January 1,2020 , was sold at the start of operations in 2013. - Agee purchased buildings in 2014 and sold one building with a book value of Kr9,900 on July 1 of the current year. - Equipment was acquired on April 1, 2020. Relevant exchange rates for 1Kr were as follows: a. Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2020 ? The December 31 , 2019 , U.S. dollar-translated balance sheet reported retained earnings of $71,400, which included a remeasurement loss of $12,400. b. Assuming the foreign currency is the functional currency, what is the translation adjustment for 2020 ? The December 31 , 2019 , U.S. dollar-translated balance sheet reported retained earnings of $90,000 and a cumulative translation adjustment of $8,100 (credit balance). (For all requirements, input all answers as positive.)