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A U.S. company acquired an Italian subsidiary at the beginning of the current...

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Accounting

A U.S. company acquired an Italian subsidiary at the beginning of the current year. The subsidiary's trial balances for January 1 and December 31 are presented below, in euros:
Sales revenue (800,000)
Operating expenses q,765,000
Total 00
New plant & equipment of 100,000 was acquired during the year. Operating expenses include 65,000 of depreciation on plant & equipment of which 10000 is related to plant & equipment purchased during the year. Exchange rates are as follows:
January 1 $0.24
Average for year 0.25
Plant and equipment acquired 0.26
Dividends declared 0.27
December 310.3
Assume that the subsidiary's functional currency is the turkish lira. What are translated total assets for the subsidiary at the end of the year?
What is the translation gain or loss for the year?

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