$1.$ Mikell started $2023$ with cash of $50,000$ and equipment that cost $35,000.$On October $1,2023$ Mikell paid dividends of $20,000.$ Mikell$$s operating revenues for $2021$ were$500,000$ and operating expenses were $315,000($including depreciation expense of $8,000).$ Revenues and expenses were earned evenly throughout the year.$$ Currency exchange rates were as follows:

$$

January $1,2023$

$1=$ $$\mathrm{.}56$

October $1,2023$

$1=$ $$\mathrm{.}59$

Average for $2023$

$1=$ $$\mathrm{.}58$

December $31,2023$

$1=$ $$\mathrm{.}61$

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Required:

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a$.$ Assume that the stickle was the functional currency of the subsidiary $($current method$).$ Calculate the translation adjustment for this subsidiary for $2023.$

b$.$ Assume that the U$.$S$.$ dollar was the functional currency of the subsidiary $($temporal method$).$ Calculate the remeasurement gain or loss for $2023.$ Please write it like excel form show step by step and use excel form make sure answer it with all steps necessary