Problem FIVE ( 6 points): A U.S, company acquired a French subsidiary on January 1,2014. The subsidiary's trial balances for January 1 and December 31, 2014 are presented below, in euros. New plant \& equipment of 80,000 was acquired in 2014. Operating expenses include 50,000 of depreciation on plant \& equipment, of which 6,000 is related to plant \& equipment purchased in 2014. Requirement A: Assume that there was a remeasurement gain of $12,000. Please indicate where this amount is reported in the financial statements (in one complete sentence). [You may specify the account, the financial statement or the subsection of a financial statement (as appropriate in the situation). However, "net assets" and/or "equity section" are not acceptable answers.] Requirement B: Assume that there was a translation loss of $12,000. Please indicate where this amount is reported in the financial statements (in one complete sentence). [You may specify the account, the financial statement or the subsection of a financial statement (as appropriate in the situation). However, "net assets" and/or "equity section" are not acceptable answers.]