Stilton Company (a U.S.-based company) has a subsidiary in Canada that began operations at the start of 2024 with assets of 156,000 Canadian dollars (CAD) and liabilities of CAD 88,000. During this initial year of operation, the subsidiary reported a profit of CAD 42,800. It distributed two dividends, each for CAD 7,000 with one dividend declared on March 1 and the other on October 1. Applicable U.S. dollar (\$) exchange rates for 1 Canadian dollar follow: \begin{tabular}{|c|c|} \hline Stilton Company's assets & CAD 156,000 \\ \hline Stilton Company's liabilities & CAD 88,000 \\ \hline Subsidiary reported a profit & CAD 42,800 \\ \hline Dividend declared on March 1 & CAD 7,000 \\ \hline Dividend declared on October 1 & CAD 7,000 \\ \hline January 1, 2024 (start of business) & 0.89 \\ \hline March 1, 2024 & 0.87 \\ \hline Weighted average rate for 2024 & 0.86 \\ \hline October 1,2024 & 0.85 \\ \hline December 31, 2024 & 0.84 \\ \hline \end{tabular} Required: Note: Use cells A2 to B13 from the given information to complete this question. Calculate the translation adjustment. \begin{tabular}{|l|l|l|l|} \hline Net assets (beginning of year) & & & \\ \hline Liabilities & CAD 156,000 & & \\ \hline Net income & & & \\ \hline Dividends (3/1) & & & \\ \hline Dividends (10/1) & & & \\ \hline Net assets (end of year) & & & \\ \hline Net assets at current exchange rate (end of year) & & & \\ \hline Translation adjustment & & & \\ \hline \end{tabular}