On January 1, 2021, Mikell acquired a foreign subsidiary whose local currency is the stickle. On January 1, 2021, Mikell issued common stock for $500,000. On July 14, 2021, Mikell sold equipment for $70,000 (a loss of $40,000 ). On October 1,2021 Mikell paid dividends of $60,000. Mikell's operating revenues and expenses for 2021 were $800,000 and $650,000, respectively and were earned evenly throughout the year. Depreciation expense represented $20,000 of the $650,000. Currency exchange rates were as follows: Required: a. Assume that the stickle was the functional currency of the subsidiary (current method). Calculate the translation adjustment for this subsidiary for 2021. b. Assume that the U.S. dollar was the functional currency of the subsidiary (temporal method). Calculate the remeasurement gain or loss for 2021