The following account balances are for the Agee Company as of January 1, 2015, and December 31, 2015. All figures are denominated in kroner (Kr).

	January 1, 2015	December 31, 2015
Accounts payable	(16,000)	(27,500)
Accounts receivable	53,000	103,000
Accumulated depreciationbuildings	(44,000)	(49,000)
Accumulated depreciationequipment	0	(7,400)
Bonds payabledue 2018	(63,000)	(63,000)
Buildings	133,000	104,500
Cash	59,000	10,400
Common stock	(68,000)	(80,000)
Depreciation expense	0	39,000
Dividends (10/1/15)	0	56,000
Equipment	0	63,000
Gain on sale of building	0	(8,400)
Rent expense	0	20,900
Retained earnings	(54,000)	(54,000)
Salary expense	0	44,000
Sales	0	(158,000)
Utilities expense	0	6,500

Additional Information

	Agee issued additional shares of common stock during the year on April 1, 2015. Common stock at January 1, 2015, was sold at the start of operations in 2004.
	It purchased buildings in 2005 and sold one building with a book value of Kr 23,500 on July 1 of the current year.
	Equipment was acquired on April 1, 2015.
	Relevant exchange rates for 1 Kr were as follows:

2004	$	2.85
2005		2.65
January 1, 2015		2.95
April 1, 2015		3.05
July 1, 2015		3.25
October 1, 2015		3.35
December 31, 2015		3.45
Average for 2015		3.15

a.	Assuming the U.S. dollar is the functional currency what is the remeasurement gain or loss for 2015?

b.	Assuming the foreign currency is the functional currency what is the translation adjustment for 2015?