Yang Corporation starts a foreign subsidiary on January 1 by investing 29,000 rand. Yang owns all of the shares of the subsidiary's common stock. The foreign subsidiary generates 58,000 rand of net income throughout the year and pays no dividends. The rand is the foreign subsidiary's functional currency. Currency exchange rates for 1 rand are as follows:

January 1 $0.25 = 1 rand

Average for the year 0.28 = 1

December 310.31 = 1

In preparing consolidated financial statements, what translation adjustment will Yang report at the end of the current year?