Rolfe 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 $[000$s$])$: Rolfe 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 $[000$s$])$:

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 $8,020,000NGN$ on the note payable.

May $1$ Sold entire inventory for $16,200,000$ NGN on account.

June $1$ Sold land for $6,020,000$ NGN cash.

Aug. $1$ Collected all accounts receivable.

Sept. $1$ Signed long$-$term note to receive $8,020,000$ NGN cash.

Oct. $1$ Bought inventory for $20,020,000$ NGN cash.

Nov. $1$ Bought land for $3,020,000$ NGN on account.

Dec. $1$ Declared and paid $3,020,000$ NGN cash dividend to parent.

Dec. $31$ Recorded depreciation for the entire year of $2,010,000$ NGN$.$

The U$.$S dollar $($$$)$ exchange rates for $1$ NGN are as follows: 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.$)$

Cash NGN $15,780$ Notes payable NGN $20,040$

Inventory $10,200$ Common stock $20,040$

Land $4,020$ Retained earnings $10,020$

Building $40,200$

Accumulated depreciation $(20,100)$

NGN $50,100$ NGN $50,100$

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 $8,020,000$ NGN on the note payable.

May $1$ Sold entire inventory for $16,200,000$ NGN on account.

June $1$ Sold land for $6,020,000$ NGN cash.

Aug. $1$ Collected all accounts receivable.

Sept. $1$ Signed long$-$term note to receive $8,020,000$ NGN cash.

Oct. $1$ Bought inventory for $20,020,000$ NGN cash.

Nov. $1$ Bought land for $3,020,000$ NGN on account.

Dec. $1$ Declared and paid $3,020,000$ NGN cash dividend to parent.

Dec. $31$ Recorded depreciation for the entire year of $2,010,000$ NGN$.$

The U$.$S dollar $($$$)$ exchange rates for $1$ NGN are as follows:

$2011$ NGN $1=$ $ $0\mathrm{.}0050$

$20131=0\mathrm{.}0044$

August $1,20191=0\mathrm{.}0064$

December $31,20191=0\mathrm{.}0066$

February $1,20201=0\mathrm{.}0068$

May $1,20201=0\mathrm{.}0070$

June $1,20201=0\mathrm{.}0072$

August $1,20201=0\mathrm{.}0076$

September $1,20201=0\mathrm{.}0078$

October $1,20201=0\mathrm{.}0080$

November $1,20201=0\mathrm{.}0082$

December $1,20201=0\mathrm{.}0084$

December $31,20201=0\mathrm{.}0088$

Average for $20201=0\mathrm{.}0078$

Assuming the NGN is the subsidiary's functional currency, what is the translation adjustment determined solely for $2020?$

Assuming the U$.$S$.$$ is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for $2020?$