A U.S. parent acquired a U.K. subsidiary on January 1, 2019. The subsidiary's functional currency is the pound, and its December 31, 2019 trial balance is as follows: Cash, receivables Inventories, at cost Plant & equipment, net Liabilities Capital stock Retained earnings, a. b. beginning Revenues Expenses Dividends Required January 1 Exchange rates ($/) are: January 1, 2019. Average for 2019. Rate when dividends paid.. December 31, 2019.. Dr (Cr) 210,000 300,000 1,030,000 (880,000) (180,000) (480,000) December 31 Dr (Cr) 180,000 330,000 1,050,000 (720,000) (180,000) (480,000) (3,000,000) 2,700,000 120,000 $1.36 1.34 1.31 1.30 0 Calculate the translation gain or loss for 2019. Translate the subsidiary's December 31, 2019 trial balance.