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Using the data provided for Nataja Mumbai, assume that the Indian rupee appreciated in value from INR59.39/ to INR54.50/ between March 31 and April 1. Assuming no change in balance sheet accounts between those two days, calculate the gain or loss from translation by both the current rate method and the temporal method. Explain the translation gain or loss in terms of changes in the value of the exposed accounts.

Nataja Mumbai Ltd. Balance Sheet, March 31, thousands of Indian rupees Assets Liabilities and Net Worth Cash INR11,000 Accounts Receivable Inventory Net plant and equipment INR26,000 Accounts payable 38,000 Bank loans 46,000 Common stock Retained 65,000 earnings INR175,000 70,000 20,000 74,000 INR175,000 Exchange rates for translating Nataja Mumbai's bal- ance into euros are: INR79.19/ April 1st exchange rate after 25% devaluation. INR59.39/ March 31st exchange rate, before 25% devaluation. All inventory was acquired at this rate. INR50.00/ Historical exchange rate at which plant and equipment were acquired