please answer with detailed explanation.

a. Assuming the NGN is the subsidiary's functional currency, what is the translation adjustment determined solely for 2020? b. Assuming the U.S.$ is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for 2020? (Input all amounts as positive. Enter amounts in whole dollars.) X Answer is not complete. Positive translation a adjustment b Remeasurement gainRolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2019, the subsidiary had the following balance sheet (amounts are in thousands [000s]): Cash NGN 16, 800 Notes payable NGN 20, Inventory 12, 000 Common stock 22, 400 Land 4, 200 Retained earnings 11, 200 Building 42,000 Accumulated depreciation (21, 000) NGN 54,000 NGN 54,900 The subsidiary acquired the inventory on August 1, 2019, and the land and building in 2013. It issued the common stock in 2011. During 2020, the following transactions took place: 2020 Feb. 1 Paid 8, 200,000 NGN on the note payable. May 1 Sold entire inventory for 18,000,060 NGN on account. June 1 Sold land for 6, 200,600 NGN cash. Aug. 1 Collected all accounts receivable. Sept. 1 Signed long-term note to receive 8, 200,000 NGN cash. Oct. 1 Bought inventory for 20, 200,000 NGN cash. Nov. 1 Bought land for 3, 200,000 NGN on account. Dec. 1 Declared and paid 3, 200,000 NGN cash dividend to parent. Dec. 31 Recorded depreciation for the entire year of 2, 100,090 NGN. The U.S dollar ($) exchange rates for 1 NGN are as follows: 2011 NGN 1 $ 0. 9068 2013 1 0. 0062 August 1, 2019 0. 0082 December 31, 2019 0. 0084 February 1, 2020 0. 9086 May 1, 2020 0. 0988 June 1, 2020 0 . 0090 August 1, 2020 0. 0094 September 1, 2020 0. 0996 October 1, 2020 0. 0098 November 1, 2020 0. 0100 December 1, 2020 0. 0102 December 31, 2020 0. 0124 Average for 2020 0. 0114