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) NGN 16,740 Notes payable Common stock Cash Inventory Land Building Accumulated depreciation NGN 20,280 21,800 10,900 11,400 41,400 NGN 52,980 4,140 Retained earnings 20,78 NGN 52,980 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 2017 Feb. 1 May 1 une 1 Paid 8,140,000 NGN on the note payable Sold entire inventory for 17,400,e00 NGN on account Sold land for 6,140,000 NGN cash Collected all accounts receivable Signed long-term note to receive 8,140,000 NGN cash. Bought inventory for 20,140,000 NGN cash. Bought land for 3,140,000 NGN on account Declared and paid 3,140,000 NGN cash dividend to parent Recorded depreciation for the entire year of 2,07e,000 NGN Sept.1 Oct. 1 Nov. 1 Dec. 1 Dec. 31 The U.S dollar ($) exchange rates for 1 NGN are as follows: 2008 2010 August 1, 2016 December 31, 2016 February 1, 2017 May 1, 2017 June 1, 2017 August 1, 2017 September 1, 2017 October 1, 2017 November 1, 2017 December 1, 2017 December 31, 2017 Average for 2017 NGN 1 0.0062 - 0.8056 - 0.0076 1 0.0078 10.0080 10.0082 - 0.9084 - 0.0088 - 0.0090 1 = 0.0092 10.0094 10.0096 10.0112 10.0102 Assuming.the.NGN.is.the subsidiary's.functional.surrencv. what is.the.translatign.adiustment determined.slely.for 20172 a. Assuming the NGN is the subsidiary's functional currency, what is the translation adjustment determined solely for 2017? b. Assuming the U.S.$ is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for 2017? (Input all amounts as positive. Enter amounts in whole dollars.) a Positive translation adjustment emeasurement gain