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	NGN	16,830		Notes payable	NGN	20,460
Inventory		12,300		Common stock		22,700
Land		4,230		Retained earnings		11,350
Building		42,300
Accumulated depreciation		(21,150	)
	NGN	54,510			NGN	54,510

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 8,230,000 NGN on the note payable.May1 Sold entire inventory for 18,300,000 NGN on account.June1 Sold land for 6,230,000 NGN cash.Aug.1 Collected all accounts receivable.Sept.1 Signed long-term note to receive 8,230,000 NGN cash.Oct.1 Bought inventory for 20,230,000 NGN cash.Nov.1 Bought land for 3,230,000 NGN on account.Dec.1 Declared and paid 3,230,000 NGN cash dividend to parent.Dec.31 Recorded depreciation for the entire year of 2,115,000 NGN.

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

2011	NGN 1	=	$	0.0071
2013	1	=		0.0065
August 1, 2019	1	=		0.0085
December 31, 2019	1	=		0.0087
February 1, 2020	1	=		0.0089
May 1, 2020	1	=		0.0091
June 1, 2020	1	=		0.0093
August 1, 2020	1	=		0.0097
September 1, 2020	1	=		0.0099
October 1, 2020	1	=		0.0101
November 1, 2020	1	=		0.0103
December 1, 2020	1	=		0.0105
December 31, 2020	1	=		0.0130
Average for 2020	1	=		0.0120

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?

The answers are NOT $76,843 and $59,289