Under the current rate method, what is Ajax's translation gain (loss)?]

a) a gain of $294,000 --> answer, how do I get this?

b) a gain of $192,000

c) a loss of $174,000

d) a loss of $12,000

In 1995, Ajax Manufacturing's German subsidiary has the following balance sheet: Cash, marketable DM 250,000 Current liabilities DM 750,000 securities 1,000,000 Long-term debt 3,400,000 Accounts receivable 2,700,000 Equity 4,900,000 Inventory (at market. 5,100,000 Fixed Assets Total liabilities DM 9,050,000 plus equity DM 9,050,000 Total assets Suppose the DM appreciates from $0.70 to $0.76 during the period