Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2016, the subsidiary had the following balance sheet (amounts are in thousands (000's)):

CashNGN16,850Notes payableNGN20,500Inventory12,500Common stock22,900Land4,250Retained earnings11,450Building42,500Accumulated depreciation(21,250)NGN54,850NGN54,850

The subsidiary acquired the inventory on August 1, 2016, and the land and building in 2010. It issued the common stock in 2008. During 2017, the following transactions took place:

2017Feb. 1Paid 8,250,000 NGN on the note payable.May 1Sold entire inventory for 18,500,000 NGN on account.June 1Sold land for 6,250,000 NGN cash.Aug. 1Collected all accounts receivable.Sept.1Signed long-term note to receive 8,250,000 NGN cash.Oct. 1Bought inventory for 20,250,000 NGN cash.Nov. 1Bought land for 3,250,000 NGN on account.Dec. 1Declared and paid 3,250,000 NGN cash dividend to parent.Dec. 31Recorded depreciation for the entire year of 2,125,000 NGN.

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

2008NGN 1=$0.007320101=0.0067August 1, 20161=0.0087December 31, 20161=0.0089February 1, 20171=0.0091May 1, 20171=0.0093June 1, 20171=0.0095August 1, 20171=0.0099September 1, 20171=0.0101October 1, 20171=0.0103November 1, 20171=0.0105December 1, 20171=0.0107December 31, 20171=0.0134Average for 20171=0.0124

1. Assuming the NGN is the subsidiary's functional currency, what is the translation adjustment determined solely for 2017?
2. Assuming the U.S.$ is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for 2017?