The following account balances are for the Agee Company as of January $1,2024,$ and December $31,2024.$ All amounts arez

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denominated in kroner $($Kr$).$

Addltional Information

Agee issued additional shares of common stock during the year on April $1,2024.$ Common stock on January $1,2024,$ was sold at

the start of operations in $2017.$

Agee purchased buildings in $2018$ and sold one building with a book value of $Kr5,100$ on July $1$ of the current year.

Equipment was acquired on April $1,2024.$

Relevant exchange rates for $1$ Kr were as follows:

Required:

a$.$ Assuming the U$.$S$.$ dollar is the functional currency, what is the remeasurement gain or loss for $2024?$ The December $31,2023,$ U$.$S$.$

dollar$-$translated balance sheet reported retained earnings of $$96,600,$ which included a remeasurement loss of $$13,000.$

b$.$ Assuming the foreign currency is the functional currency, what is the translation adjustment for $2024?$ The December $31,2023,$ U$.$S$.$

dollar$-$translated balance sheet reported retained earnings of $$112,500$ and a cumulative translation adjustment of $$10,800($credit

balance$).$

Note: For all requirements, Input all answers as positive.

Please and thank you!!