Joseph Co. started 2021 with two assets: Cash of 30,000 (Local Currency Units) and Land that originally cost 90,000 LCUs when acquired on April 5, 2018. On May 1, 2021, the company rendered services to a customer for 42,000 LCUs, an amount immediately paid in cash. On September 1, 2021, the company incurred an operating expense of 25,000 LCUs that was immediately paid. No other transactions occurred during the year so an average exchange rate is not necessary. Currency exchange rates were as follows:

April 5, 2018		1	=	$	0.29
January 1, 2021		1	=	$	0.30
May 1, 2021		1	=	$	0.31
September 1, 2021		1	=	$	0.32
December 31, 2021		1	=	$	0.36

Assume that Joseph was a foreign subsidiary of a U.S. multinational company and LCU was the functional currency of the subsidiary. Calculate the translation adjustment for this subsidiary for 2021 and state whether this is a positive or a negative adjustment.