The following account balances are for the Agee Company as of January 1, 2013, and December 31, 2013. All figures are denominated in kroner (Kr).

Additional Information
€¢ Agee issued additional shares of common stock during the year on April 1, 2013. Common stock at January 1, 2013, was sold at the start of operations in 2004.
€¢ It purchased buildings in 2005 and sold one building with a book value of Kr 16,000 on July 1 of the current year.
€¢ Equipment was acquired on April 1, 2013. Relevant exchange rates for 1 Kr were as follows:
2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2.40
2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.20
January 1, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . .2.50
April 1, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.60
July 1, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.80
October 1, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . 2.90
December 31, 2013 . . . . . . . . . . . . . . . . . . . . . . . .3.00
Average for 2013. . . . . . . . . . . . . . . . . . . . . . . . . .2.70
a. Assuming the U.S. dollar is the functional currency and retained earnings at January 1,
2013, total $52,600, what is the re-measurement gain or loss for 2013?
b. Assuming the foreign currency is the functional currency and retained earnings at January 1,
2013, total $62,319, what is the translation adjustment for 2013?

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December 31, 2013 (24,000) 79,000 (25,000) (5,000) (50,000) 97,000 8,000 (80,000) 15,000 32,000 30,000 (6,000) 14,000 (30,000) 20,000 (80,000) 5,000 Accounts payable Accounts receivable Accumulated depreciation-buildings. Accumulated depreciation-equipment. . Bonds payable-due 2016. .. January 1, 2013 (18,000) 35,000 (20,000) (50,000) 118,000 35,000 (70,000) Dividends (10/1/13). . . _ _ . . . _ . . . _ . . .. Equipment Gain on sale of buildin Rent expense Retained earnings. . Salary expense Sales g . . - (30,000)