Using the same balance sheet as in Problem 5, calculate Tristan Narvaja's contribution to its parent's translation loss if the exchange rate on December 31 is $U22/$. Assume all peso accounts remain as they were at the beginning of the year.

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Balance Sheet (thousands of pesos Uruguayo, $U) Assets Cash Liabilities and Net Worth U60,000 Current liabilities $U30,000 Accounts receivable Inventory Net plant and equipment Long-ternm 120,000 debt 20,000 Capital stock 90,000 300,000 120,000 $U540,000 Retained 240,000 earnings SU540,000