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please answer a and with steps shown and answer clearly stated. (wy vonar retained earnings before depreciation are the cumulative sum of additions to retained

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(wy vonar 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) Transiated into dollars at the same rate as before depreclation of the euro. Ganade Europe (C). Using tacts in the chapter for Ganado Europe, assume the exchange rate on January 2, 2016, in Exhibit 11.5 appreciated from 51.17obe to \$1.6sooy. Calculate Ganado Europe's transiated baiance theet for January 2. 2016, with the new exchange rale using the current rate method. as shown in the popup window 2. What is the amount of transiation gain or loss? b. Where should it appeat in the firancial statements? a. What is the amount of transiation gain of loss? Enter a postive number for a gain and negalive for a iovil (Rosind to the hearest dollar)

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