Watson Company has a subsidiary in the country of Alonza where the local currency unit is the kamel (KM). On December 31, 2014, the subsidiary has the following balance sheet: Cash KM 11,500 Notes payable (due 2016) KM 24,000 Inventory 17,500 Common stock 25,000 Land 5,000 Retained earnings 12,500 Building 55,000 Accumulated depreciation (27,500) KM 61,500 KM 61,500 The subsidiary acquired the inventory on August 1, 2014, and the land and buildings in 2000. It issued the common stock in 1998. During 2015, the following transactions took place: 2015 Feb. 1 Paid 12,500 KM on the note payable. May 1 Sold entire inventory for 22,000 KM on account. June 1 Sold land for 6,000 KM cash. Aug. 1 Collected all accounts receivable. Sept.1 Signed long-term note to receive 7,000 KM cash. Oct. 1 Bought inventory for 14,000 KM cash. Nov. 1 Bought land for 5,000 KM on account. Dec. 1 Declared and paid 2,600 KM cash dividend to parent. Dec. 31 Recorded depreciation for the entire year of 2,750 KM. The exchange rates for 1 KM are as follows: 1998 1 KM = $ 0.24 2000 1 = 0.21 August 1, 2014 1 = 0.31 December 31, 2014 1 = 0.32 February 1, 2015 1 = 0.33 May 1, 2015 1 = 0.34 June 1, 2015 1 = 0.35 August 1, 2015 1 = 0.37 September 1, 2015 1 = 0.38 October 1, 2015 1 = 0.39 November 1, 2015 1 = 0.40 December 1, 2015 1 = 0.41 December 31, 2015 1 = 0.44 Average for 2015 1 = 0.38 a. If this is a translation, what is the translation adjustment determined solely for 2015? b. If this is a remeasurement, what is the remeasurement gain or loss determined solely for 2015?