The following account balances are for the Agee Company a5 of January 1, 2020, and December 31, 2020. All amounts are denorninated in kroner ( Kr ) Additional Information - Agee issued additional shares of common stock during the year on April1, 2020. Common stock at January 1, 2020, was sold at the start of operations in 2013 - Agee purchased buildings in 2014 and soid one building with a book value of K. 7.500 on July 1 of the current yeat, - Equipment was acquired on April1, 2020 . Relevant exchange rates for 1Kr were as follows: a. Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2020 ? The December 31,2019 , U.S. dollar-translated balance sheet reported retained earnings of $100,200, which included a remeasurement loss of $12,700. b. Assuming the foreign currency is the functional currency, what is the translation adjustment for 2020? The December 31, 2019 , U.S. dollar-translated balance sheet reported retained earnings of $105,000 and a cumulative translation adjustment of $21,900 (credit balance)