Naomi $Co.$ started $2024$ with two assets: Cash $of$ LCU$26,000$ and land that originally

$cost$ LCU$72,000$ when acquired $on$ April $4,2012.On$ May $1,2024,$ the company

rendered services $to$ a customer for LCU $36,000.On$ October $1,2024,$ the company

incurred $an$ operating expense $of$ LCU$22,000.No$ other transactions occurred during the

year. Currency exchange rates were $as$ follows:

April $4,2012$

December $31,2024$

May $1,2024$

October $1,2024$

December $31,2024$

LCU$1=$$ $\mathrm{.}28$

LCU$1=$$ $\mathrm{.}29$

LCU$1=$$ $\mathrm{.}30$

LCU$1=$$ $31$

LCU$1=$$ $\mathrm{.}35$

Required:

$a.$ Assume that Dulcinea was a foreign subsidiary $ofaU.S.$ multinational company

and the LCU was the functional currency $of$ the subsidiary $(Current$ Method$).$

Calculate the translation adjustment for this subsidiary for $2024.$

$b.$ Assume that Dulcinea was a foreign subsidiary $ofaU.S.$ multinational company

and the $U.S.$ dollar was the functional currency $of$ the subsidiary $(Temporal$

Method$).$ Calculate the remeasurement gain $or$ loss for this subsidiary for $2024.$

ORGANIZE $ASIFIT$ WAS $ONAN$ EXCEL SHEET PLEASE.