Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins $2024$ with three assets: cash of $22,600$ dinars, accounts receivable of $80,900$ dinars, and land that cost $209,000$ dinars when acquired on April $1,2023.$ On January $1,2024,$ Zugar has a $159,000$ dinar note payable, and no other liabilities. On May $1,$Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins $2024$ with three assets:

cash of $22,600$ dinars, accounts recelvable of $80,900$ dinars, and land that cost $209,000$ dinars when

acquired on April $1,2023.$ On January $1,2024,$ Zugar has a $159,000$ dinar note payable, and no other

liabilities. On May $1,2024,$ Zugar renders services to a customer for $129,000$ dinars, which was immediately

paid in cash. On June $1,2024,$ Zugar incurred a $109,000$ dinar operating expense, which was Immediately

paid in cash. No other transactions occurred during the year. Currency exchange rates for $1$ dinar follow:

Required:

a$.$ Assume that Zugar is a foreign subsidiary of a U$.$S$.$ multinational company that uses the U$.$S$.$ dollar as its

reporting currency. Assume also that the dinar is the subsidlary's functional currency. What is the

translation adjustment for this subsidiary for the year $2024?$

b$.$ Assume that Zugar is a foreign subsidiary of a U$.$S$.$ multinational company that uses the U$.$S$.$ dollar as its

reporting currency. Assume also that the U$.$S$.$ dollar is the subsidiary's functional currency. What is the

remeasurement gain or loss for $2024?$

c$.$ Assume that Zugar is a foreign subsidiary of a U$.$S$.$ multinational company. On the December $31,2024,$

balance sheet, what is the translated value of the Land account? On the December $31,2024,$ balance

sheet, what is the remeasured value of the Land account?

Note: Input all amounts as positive.

Answer is complete but not entirely correct. $2024,$ Zugar renders services to a customer for $129,000$ dinars, which was immediately paid in cash. On June $1,2024,$ Zugar incurred a $109,000$ dinar operating expense, which was immediately paid in cash. No other transactions occurred during the year. Currency exchange rates for $1$ dinar follow: