The following account balances are for the Agee Company as of January $1,2024,$ and December $31,2024.$ All amounts are denominated in kroner $($Kr$).$

January $1,2024$ December $31,2024$

Accounts payable $(4,000)(13,500)$

Accounts receivable $39,00089,000$

Accumulated depreciation$$buildings $(30,000)(35,000)$

Accumulated depreciation$$equipment $0(6,000)$

Bonds payable$$due $2027(60,000)(60,000)$

Buildings $119,00097,500$

Cash $45,0009,000$

Common stock $(69,000)(81,000)$

Depreciation expense $025,000$

Dividends $(10/1/24)042,000$

Equipment $040,000$

Gain on sale of building $0(7,000)$

Rent expense $020,000$

Retained earnings $(40,000)(40,000)$

Salary expense $030,000$

Sales $0(120,000)$

Utilities expense $010,000$

Additional 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 Kr $7,500$ on July $1$ of the current year.

Equipment was acquired on April $1,2024.$

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

$2017$ $ $2\mathrm{.}90$

$20182\mathrm{.}70$

January $1,20243\mathrm{.}00$

April $1,20243\mathrm{.}10$

July $1,20243\mathrm{.}30$

October $1,20243\mathrm{.}40$

December $31,20243\mathrm{.}50$

Average for $20243\mathrm{.}20$

Required:

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 $$100,200,$ which included a remeasurement loss of $$12,700.$

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 $$105,000$ and a cumulative translation adjustment of $$21,900($credit balance$).$

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