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The following account balances are for the Agee Company as of January 1.2024, and December 31. 2024. All amounts are denominated in kroner (Kr). Additional

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The following account balances are for the Agee Company as of January 1.2024, and December 31. 2024. All amounts are denominated in kroner (Kr). Additional Information - Agee issued additional shares of common stock during the year on April 1, 2024, Common stock on January 1, 2024, was sold at the start of operations in 2017. - Agee purchased buildings in 2018 and sold one bullding with a book value of Krr3,100 on July 1 of the current year. - Equipment was acqulred on April1, 2024. Relevant exchange rates for 1Kr were as follows: Required: 0. Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2024? The December 31, 2023, U.S. dollartranstated balance sheet reported retained earnings of $122,600, which included a remeasurement loss of $13.250. b. Assuming the foreign currency is the functional currency, what is the translation adjustment for 2024? The December 31, 2023, U.S. dollar-translated balance sheet reported retained earnings of $125,000 and a cumulative translation adjustment of $24,300 (credit balance). Note: For all requirements, input all answers as positive

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