Extra Ch. 10. Zugar Company is domiciled in a country whose currency is the dinar. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S. dollar as its reporting currency - Zugar begins 2017 with the following assets: cash of 20,000 dinars, accounts receivable of 80,000 dinars, marketable securities of 50,000, and land that cost 150,000 dinars when acquired on April 1. 2016. -On January 1, 2017, Zugar has a 170,000 dinar note payable, and no other liabilities. -On May 1, 2017, Zugar sold inventory to a customer for 130,000 dinars, which was immediately paid in cash. -Zugar recorded cost of goods sold for the inventory, which was purchased back in April 1, 2016 for 90,000 dinars. - Inventory is recorded at cost. - No other transactions occurred during the year. Assume that the U.S. dollar is the subsidiary's functional currency. Assume the beginning balance at 1/1/2017 consists of 80,000 dinars. -Assume the following exchange rates: 1 dinar is equal to: 4/1/16: $0.33 1/1/17: $0.36 5/1/17: $0.37 6/1/17: $0.39 12/31/17: 50.41 Average 2017: $0.38 17: $0.36 17: $0.37 17: $0.39 31/17: $0.41 erage 2017: $0.38 hat is the remeasurement gain or loss for this subsidiary for the year 2017? u must show work to earn points. Write out and label each component.) 9,200 debit 7,200 credit 9,200 credit 2,000 credit 7,200 debit