I need an explanation so I understand how to do it. Thank you so much

Boerkian Co. started 2021 with two assets: |Clash of 2B,000 {Stickies} and Land that originally cost 522,000 when acquired on April 4. 2013. On May 1, 2021, the company rendered services to a customer for $5,000, an amount immediately paid in cash. On October 1. 2021, the company incurred an operating expense of 22,0EHJ that was immediately paid. No other transactions occurred during the year so an average exchange rate is not necessary. Currency exchange rates were as follows: April 4, 2:11: s1= $0.23 January 1, 2021 1= $0.29 May 1, 2021 s1= $0.3m Detober 1, 2021 1= $0.31 December 31, 2021 l= $0.35 ' Assume that Boerkian was a foreign subsidiary of a U5. multinational company and the stickle {51 was the functional currency of the subsidiary. Calculate the translation adjustment for this subsidiary for 2021 and state whether this is a positive or a negative adjustment. Short Answer Toolbar navigation