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Nataja Mumbai Ltd. Balance Sheet, March 31, thousands of Indian rupees Assets Liabilities and Net Worth Cash INR26,000 Accounts INR11,000 payable Accounts 38,000 Bank loans 70,000 Receivable Inventory 46,000 Common 20,000 stock Net plant and Retained equipment 65,000 earnings 74,000 INR175,000 INR175,000 Exchange rates for translating Nataja Mumbai's bal- ance into euros are: INR79.197 April 1st exchange rate after 25% devaluation. INR59.397 March 31st exchange rate, before 25% devaluation. All inventory was acquired at this rate. INR50.00/ Historical exchange rate at which plant and equipment were acquired. 11.9 Nataja Mumbai Ltd. (B). Using the original data provided for Nataja Mumbai, assume that the Indian rupee appreciated in value from INR59.397 to INR54.50/ between March 31 and April 1. Assuming no change in balance sheet accounts between those two days, calculate the gain or loss from translation by both the current rate method and the temporal method. Explain the translation gain or loss in terms of changes in the value of the exposed accounts. Nataja Mumbai Ltd. Balance Sheet, March 31, thousands of Indian rupees Assets Liabilities and Net Worth Cash INR26,000 Accounts INR11,000 payable Accounts 38,000 Bank loans 70,000 Receivable Inventory 46,000 Common 20,000 stock Net plant and Retained equipment 65,000 earnings 74,000 INR175,000 INR175,000 Exchange rates for translating Nataja Mumbai's bal- ance into euros are: INR79.197 April 1st exchange rate after 25% devaluation. INR59.397 March 31st exchange rate, before 25% devaluation. All inventory was acquired at this rate. INR50.00/ Historical exchange rate at which plant and equipment were acquired. 11.9 Nataja Mumbai Ltd. (B). Using the original data provided for Nataja Mumbai, assume that the Indian rupee appreciated in value from INR59.397 to INR54.50/ between March 31 and April 1. Assuming no change in balance sheet accounts between those two days, calculate the gain or loss from translation by both the current rate method and the temporal method. Explain the translation gain or loss in terms of changes in the value of the exposed accounts