A US Company Formed a Subsidiary in Spain on January 1

A U.S. company formed a subsidiary in Spain on January 1, 2020. The subsidiary's summary trial balances for January 1 and December 31, 2020 are presented below, in euros. The subsidiary's functional currency is the euro.
$\begin{array}{|l|c|c|}\hline & \begin{array}{c}\text { Janua ry } 1,2020 \\\text { Dr (Cr) }\end{array} & \begin{array}{c}\text { December } 31,2020 \\\text { Dr (Cr) }\end{array} \\\hline \text { Cash, receivables } & 15,000 & 20,000 \\\hline \text { Inventories, at cost } & 250,000 & 350,000 \\\hline \text { Plant assets, net } & 750,000 & 1,050,000 \\\hline \text { Liabilities } & \{715,000\} & \{1,070,000\} \\\hline \text { Capital stock } & \{300,000\} & \{300,000\} \\\hline \text { Retained earnings, beg. } & --&-- \\\hline \text { Revenues } & \begin{array}{ll}- - \\\end{array} & \{840,000\} \\\hline \text { Expenses } & -- & 800,000 \\\hline \text { Other comprehensve income } & -- & \{10,000\} \\\hline \text { Total } &?\quad 0 & ?\quad0 \\\hline\end{array}$

$\begin{array}{l}\text { Exchang e rates }\{U S \$ / €\} \text { are: }\\\begin{array}{lr}\text { January 1, 2020 } & \$ 1.25 \\2020 \text { average } & 1.27 \\\text { December } 31,2020 & 1.30\end{array}\end{array}$ Required
a. Calculate the 2020 translation gain or loss for the subsidiary.
b. Present the subsidiary's December 31, 2020 translated trial balance.
c. Present the subsidiary's translated balance sheet.