In $20$X$4,$ HGT Company invested $$2,187,500$ CDN $(875,000$FC$)$ to establish a foreign subsidiary, LGC Ltd$.$ LGC took out a $$350,000$FC bank loan to help finance the purchase of equipment. At the time the loan was taken out, the exchange rate was $1$FC $=$ $$2\mathrm{.}50$ CDN$.$ The loan principal is not required to be repaid for five years. LGC purchased equipment and furniture costing $1,050,000$FC when the exchange was $1$FC $=$ $$2\mathrm{.}40$ CDN$.$LGC had a very successful first year of operations and decided to purchase a tract of land for $350,000$FC$.$ The exchange rate at the time of purchase was $1$FC $=$ $$2\mathrm{.}00$ CDN$.$ LGC$\text{'}$s policy is to declare and pay dividends at its year$-$end. Both HGT and LGC have December $31$ year$-$ends.

LGC has provided the following information $($please see photos attached$)$:

$1.$ Calculate LGCs cumulative translation gain$/$loss for $20$X$5$ using the presentation currency method.

$2.$ Calculate LGCs cumulative translation gain$/$loss for $20$X$5$ using the functional currency method.