Translation and Remeasurement Gain and Loss Costco Canada Holdings is a Canadian subsidiary of Costco Wholesale Corporation, a U.S.company. Assume that the following data relate to Costco Canada's activities for 2020 on millions Net monetary assets (labateary 1.2020 C5700 Acquisition of plant assets for debt. February 15, 2020 1000 Purchase of inventory made evenly Ouring 2020 3.500 Collection of receivables outstanding anary 1, 2020 2.700 Sve made evenly during 2020 6000 Cost of poods sold 3.300 Depreciation of assets acquired when the exchange rate was 50CS 100 Current operating expenses (excluding deprecation and antincurred in during 2020 1.200 Refoanong orvotover of commercial paper 100 Exchange rates (5/5) during 2020 are January 1, 2020 30 80 Average for 2020025 February 15, 2020 0.78 December 1, 20200.72 a) Assuming Costro Canada's functional currency the U.S. dobar, prepare a schedule to compute the remeasurement gain or loss for 2020. Instructions 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Ude negative sins with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop down menu select the appropriate answer to indicate a remeasurement gain or remeasurement loss. 4. Do not use a negative sign with your remeasurement gain or remeasurement loss answer On million Amount Exposed position, 11/20 Acquisition of plantate for det Perchase of vary Sales Operating pets 1/C AMAICS) CS CS Exposed posho 12/11/20 by Assuming Costco Canada's functional currency is the Canadian dollar, prepare a schedule to compute the translation yan or loss for 2020. Assume net assets on January , 2020, amounted to C5 1,200 million Instructions: 1. Use negative signs with answers to indicate a negative exposed position balance 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance 3. Using the drop-down menu, select the appropriate answer to indicate a translation gain or translation loss. 4. Do not use a negative sign with your translation gain or translation loss answer in millions) Amount (CS) 5/05 Amount (5) Exposed position, 11/20 Net income in 2020 CS $ Exposed position 12/31/30 CS