please explain

13. Board Co. was formed on January 1, 2018 as a wholly owned foreign subsidiary of a U.S. corporation. Board's functional currency was the kites (the local currency unit). The following transactions and events occurred during 2018: January 1 Board issued common stock for 78.000 kites March 1 Board pays first round of dividends of 5,000 kites. October Board pays second round of dividends of 5,000 kites! December 31 Board reports a net income of 26,000 kites Exchange rates for 2018 were: January 1, 2018 .......... .............................$0.80 March 1, 2018 0.78 Weighted average rate for 2018 0.77 October 1, 2018 December 31, 2018 ........................... 0.75 Assuming the kite is Board's functional currency, which translation adjustment amount would Board report for 2018? a. $4,220 decrease in relative value of net assets. b. $4,220 increase in relative value of net assets. c. $6,200 decrease in relative value of net assets. d. $6,400 increase in relative value of net assets. e. $6,000 increase in relative value of net assets