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 buildings in 2014 and sold one building with a book value of Kr8,300 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 $90,200, which included a remeasurement loss of $12,600. 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 $100,000 and a cumulative translation adjustment of $16,900 (credit balance)