The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated In kroner (Kr). January 1, 2017 December 31, 2017 Accounts payable (5, eee) (16,000) Accounts receivable 38, eee 88, eee Accumulated depreciation-buildings (29,000) (34,000) Accumulated depreciation-equipment (5,980) Bonds payable-due 2020 (59,000) (59, eee) Buildings 118, eee 97,000 Cash 44,eee 8,900 Common stock (68,000) (79, eee) Depreciation expense 24,000 Dividends (10/1/17) 41, eee Equipment 39, eee Gain on sale of building (6,980) Rent expense 19,400 Retained earnings (39, eee) (39, eee) Salary expense 29, eee Sales (116,000) Utilities expense 9,500 B Additional Information - Agee issued additional shares of common stock during the year on April 1, 2017. Common stock at January 1, 2017, was sold at the start of operations in 2010. Agee purchased buildings in 2011 and sold one building with a book value of Kr 7,900 on July 1 of the current year. Equipment was acquired on April 1, 2017 Relevant exchange rates for 1 Kr were as follows: 2010 2011 January 1, 2017 April 1, 2017 July 1, 2017 October 1, 2017 December 31, 2017 Average for 2017 $ 2.85 2.65 2.95 3.es 3.25 3.35 3.45 3.15 a. Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $95,150, which included a remeasurement loss of $12,650. b. Assuming the foreign currency is the functional currency, what is the translation adjustment for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $102,500, and a cumulative translation adjustment of $19,350 (credit balance) (Input all answers as positive.) gain a. Remeasurement b. Translation adjustment