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]): NGN 16,840 12,400 Notes payable Common stock Retained earnings NGN 20,480 22,800 11,400 NGN 54,680 Cash Inventory Land 4,240 Building 42,400 Accumulated depreciation (21,200) NGN 54,680 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 8,240,000 NGN on the note payable. May 1 Sold entire inventory for 18,400,000 NGN on account. June 1 Sold land for 6,240,000 NGN cash. Aug. 1 Collected all accounts receivable. Sept. 1 Signed long-term note to receive 8,240,000 NGN cash. Oct. 1 Bought inventory for 20,240,000 NGN cash. Nov. 1 Bought land for 3,240,000 NGN on account. Dec. 1 Declared and paid 3,240,000 NGN cash dividend to parent.. Dec. 31 Recorded depreciation for the entire year of 2,120,000 NGN. The US dollar ($) exchange rates for 1 NGN are as follows: 2011 2013 NGN 1 1 = $0.0072 0.0066 August 1, 2019 1 => 0.0086 December 31, 2019 1 = 0.0088 February 1, 2020 1 = 0.0090 May 1, 2020 1 = 0.0092 June 1, 2020 1 = 0.0094 August 1, 2020 1 => 0.0098 September 1, 2020 1 = 0.0100 October 1, 2020 1 = 0.0102 November 1, 2020 1 = 0.0104 December 1, 2020 1 = 0.0106 December 31, 2020 Average for 2020 1 = 1 = 0.0132 0.0122 a. Assuming the NGN is the subsidiary's functional currency, what is the translation adjustment determined solely for 2020? b. Assuming the U.S.$ 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.)