Rolfe Company $($a U$.$S$.$ based company has a subsidiary In Nigerla where the local currency unit is the naira $($NGN$).$ On December $31,$

$2023,$ the subsidiary had the following balance sheet $($amounts are in thousands $[000$s$)$

Cash

NGN $16\mathrm{.}240$ NMotes payable

NGM $20,180$

Inventory

$10,900$ Common stock

$21,000$

Land

$4,090$ Retained earnings

$10,500$

Building

$40,200$

Accurulated depreciation

$(20,450)$

NGN $51,680$

NGN $51,680$

The subsidiary Iissued the common stock in $2015$

and acquired the land and bullding In$.2016.$ acqulred the Invenlery on August $1,$

$2023.$ During $2024,$ the following transactions took place

Paid $8,090,000$ NGN on the note payable.

Sold entire inventory for $16,900,000$ NGN

on account

Sold land for $6,090,000$ NGN cash.

Collected all accounts receivable

Signed long$-$term note to receive $8,090$

$000$ NGN cash.

Bought inventory for $20,090,000$ NGN cash,

Bought land for $3,090,000$ NGN on account

Declared and paid $3,090,000$ NGN cash dividend to parent.

Recorded depreciation for the entire year of $2,045,000$ NGN$.$

Required:

o$.$ Assuming the NGN Is the subsidiary's functional currency, what is the translation adjustment determined solely for $2024?$

b$.$ Assuming the U$.$S$.$ dollar is the subsidlary's functional currency, what is the remeasurement gain or loss determined solely for $2024?$

Note: Input all amounts as positive. Enter amounts iIn whole dollars.

Positive

Remeasurement gain

translation adjustment