Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2019, the subsidiary had the following balance sheet (amounts are in thousands [000s]): Cash Inventory Land NGN 15,670 Notes payable 10,300 Common stock 4,030 Retained earnings Building 40,300 Accumulated depreciation (20,150) NGN 50,150 NGN 20,060 20,060 10,030 NGN 50,150 The subsidiary acquired the inventory on August 1, 2019, and the land and building in 2013. It issued the common stock in 2011. During 2020, the following transactions took place: 2020 Feb. 1 Paid 8,030,000 NGN on the note payable. May 1 Sold entire inventory for 16,300,000 NGN on account. June 1 Sold land for 6,030,000 NGN cash. Aug. 1 Collected all accounts receivable. Sept. 1 Signed long-term note to receive 8,030,000 NGN cash. Oct. 1 Bought inventory for 20,030,000 NGN cash. Nov. 1 Bought land for 3,030,000 NGN on account. Dec. 1 Declared and paid 3,030,000 NGN cash dividend to parent. Dec. 31 Recorded depreciation for the entire year of 2,015,000 NGN. The U.S dollar ($) exchange rates for 1 NGN are as follows: 2011 2013 August 1, 2019 December 31, 2019 February 1, 2020 NGN 1 $ 0.0051 1 = 0.0045 1 0.0065 1 = 0.0067 1 = 0.0069 May 1, 2020 1 = 0.0071 June 1, 2020 1 = 0.0073 August 1, 2020 1 = 0.0077 September 1, 2020 1 = 0.0079 October 1, 2020 November 1, 2020 December 1, 2020 = 0.0081 1 = 0.0083 = 0.0085 December 31, 2020 Average for 2020 = 1 = 0.0090 0.0080 a. Assuming the NGN is the subsidiary's functional currency, what is the translation adjustment determined solely for 2020? b. Assuming the U.S.$ is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for 2020? Input all amounts as positive. Enter amounts in whole dollars.) a. b. translation adjustment