Rolfe Company $($a U$.$S$.-$based company$)$ has a subsidiary in Nigeria, where the local currency unit is the naira $($NGN$).$ On December $31,2023,$ the subsidiary had the following balance sheet $($amounts are in thousands $[000$s$])$:

Cash NGN $15,560$ Notes payable NGN $20,080$

Inventory $10,400$ Common stock $20,080$

Land $4,040$ Retained earnings $10,040$

Building $40,400$

Accumulated depreciation $(20,200)$

NGN $50,200$ NGN $50,200$

The subsidiary issued the common stock in $2015,$ and acquired the land and building in $2016.$ It acquired the inventory on August $1,2023.$ During $2024,$ the following transactions took place:

$2024$

February $1$ Paid $8,040,000$ NGN on the note payable.

May $1$ Sold entire inventory for $16,400,000$ NGN on account.

June $1$ Sold land for $6,040,000$ NGN cash.

August $1$ Collected all accounts receivable.

September $1$ Signed long$-$term note to receive $8,040,000$ NGN cash.

October $1$ Bought inventory for $20,040,000$ NGN cash.

November $1$ Bought land for $3,040,000$ NGN on account.

December $1$ Declared and paid $3,040,000$ NGN cash dividend to parent.

December $31$ Recorded depreciation for the entire year of $2,020,000$ NGN$.$

The U$.$S dollar $($$$)$ exchange rates for $1$ NGN are as follows:

$2015$ NGN $1=$ $ $0\mathrm{.}0052$

$2016$ NGN $1=0\mathrm{.}0046$

August $1,2023$ NGN $1=0\mathrm{.}0066$

December $31,2023$ NGN $1=0\mathrm{.}0068$

February $1,2024$ NGN $1=0\mathrm{.}0070$

May $1,2024$ NGN $1=0\mathrm{.}0072$

June $1,2024$ NGN $1=0\mathrm{.}0074$

August $1,2024$ NGN $1=0\mathrm{.}0078$

September $1,2024$ NGN $1=0\mathrm{.}0080$

October $1,2024$ NGN $1=0\mathrm{.}0082$

November $1,2024$ NGN $1=0\mathrm{.}0084$

December $1,2024$ NGN $1=0\mathrm{.}0086$

December $31,2024$ NGN $1=0\mathrm{.}0092$

Average for $2024$ NGN $1=0\mathrm{.}0082$

Required:

a$)$ Assuming the NGN is the subsidiary's functional currency, what is the translation adjustment determined solely for $2024?$

b$)$ Assuming the U$.$S$.$ dollar is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for $2024?$

Note: Input all amounts as positive. Enter amounts in whole dollar