please explain not only through calculations but words . why would this be a increase in relative assets?

23. Sinkal Co. was formed on January 1, 2018 as a wholly owned foreign subsidiary of a U.S. corporation. Sinkal's functional currency was the stickle (8). The following transactions and events occurred during 2018: Jan. 1 June 30 Dec. 31 Sinkal issued common stock for $1,000,000. Sinkal paid dividends of $20,000. Sinkal reported net income of $80,000 for the year. Exchange rates for 2018 were: Jan. 1 June 30 Dec. 31 Weighted average rate for the year $1 = $.42 $1 = $.46 $1 = $.48 $1 = $.44 What was the amount of the translation adjustment for 2018? a. $52,000 decrease in relative value of net assets. b. $62,800 decrease in relative value of net assets. c. $62,800 increase in relative value of net assets. d. $440,000 decrease in relative value of net assets. e. $26,000 increase in relative value of net assets