The following account balances are for the Agee Company as of January $1,2020,$ and December $31,2020.$ All amounts are denominated in kroner $($Kr$).$

January $1,2020$ December $31,2020$

Accounts payable $(10,000)(21,500)$

Accounts receivable $33,00083,000$

Accumulated depreciation$$buildings $(24,000)(29,000)$

Accumulated depreciation$$equipment $0(5,400)$

Bonds payable$$due $2023(54,000)(54,000)$

Buildings $113,00094,500$

Cash $39,0008,400$

Common stock $(63,000)(76,000)$

Depreciation expense $019,000$

Dividends $(10/1/20)036,000$

Equipment $034,000$

Gain on sale of building $0(6,400)$

Rent expense $016,400$

Retained earnings $(34,000)(34,000)$

Salary expense $024,000$

Sales $0(96,000)$

Utilities expense $07,000$

Additional Information

Agee issued additional shares of common stock during the year on April $1,2020.$ Common stock at January $1,2020,$ was sold at the start of operations in $2013.$

Agee purchased buildings in $2014$ and sold one building with a book value of Kr $9,900$ on July $1$ of the current year.

Equipment was acquired on April $1,2020.$

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

$2013$ $ $2\mathrm{.}60$

$20142\mathrm{.}40$

January $1,20202\mathrm{.}70$

April $1,20202\mathrm{.}80$

July $1,20203\mathrm{.}00$

October $1,20203\mathrm{.}10$

December $31,20203\mathrm{.}20$

Average for $20202\mathrm{.}90$

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 $$71,400,$ which included a remeasurement loss of $$12,400.$

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 $$90,000$ and a cumulative translation adjustment of $$8,100($credit balance$).$