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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 (Ki) Additional

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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 (Ki) Additional informotion - Agee issued additional shares of common stock during the year on Apil1 1, 2020. Common stock at January 1,2020, was sold at the start of operations in 2013. - Agee purchased buldings in 2014 and sold one buliding with a book value of Kr7.500 on July 1 of the current year - Equipment was acquired on April 1,2020 Relevant exchange rates for 1Kr were as follows: start of operations in 2013. - Agee purchased buildings in 2014 and sold one buliding with a book value of Kr 7.500 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 , US dollar-transiated 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). (For all requirements, input all answers as positive.) Q answer is comnlete but not entirely correct

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