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 $2020?$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 $8,050,000$ NGN on the note payable.

May $1$ Sold entire inventory for $16,500,000$ NGN on account.

June $1$ Sold land for $6,050,000$ NGN cash.

Aug. $1$ Collected all accounts receivable.

Sept. $1$ Signed long$-$term note to receive $8,050,000$ NGN cash.

$0$ct$.1$ Bought inventory for $20,050,000$ NGN cash.

Nov. $1$ Bought land for $3,050,000$ NGN on account.

Dec. $1$ Declared and paid $3,050,000$ NGN cash dividend to parent.

Dec. $31$ Recorded depreciation for the entire year of $2,025,000$ NGN$.$