The following information pertains to questions
ABC Inc has a single wholly-owned American subsidiary called US1 based in Los Angeles,California which was acquired January 1,2014.US1 submitted its financial statements for 2014 to ABC.Selected exchange rates in effect throughout 2014 are shown below: 
US1 Financial Results for 2014 were as follows: 
Balance Sheet 
For questions 17 through 22,inclusively,assume that US1 is considered to be a self-sustaining subsidiary.
-What is the amount of the gain or loss arising from translation?
Definitions:
DNA Molecule
The carrier of genetic information, consisting of two long chains of nucleotides twisted into a double helix.
Promoter
In DNA, a sequence that is a site where RNA polymerase binds and begins transcription.
Codons
Sequences of three nucleotides in mRNA that specify the addition of a specific amino acid or the termination of translation.
Amino Acid
Organic compounds that serve as the building blocks of proteins, necessary for the growth and repair of body tissues.
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