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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).

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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). 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 bulldings in 2014 and sold one bullding with a book value of Kr9,500 on July 1 of the current year. - Equipment was acquired on April 1, 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 $75,950, which included a remeasurement loss of $12,450. 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 reborted retained earninas of $92.500 and a cumulative translation adiustment of $10.150 icredit 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 $75,950, which included a remeasurement loss of $12,450. 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 $92,500 and a cumulative translation adjustment of $10,150 (credit balance). (For all requirements, Input all answers as positive.)

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