Translated and Remeasured Income and Retained Earnings Sagermart, Located in Sweden

Translated and remeasured income and retained earnings Sagermart, located in Sweden, is a subsidiary of Parkesmart, a U.S. discount retail company. Sagermart maintains its financial information in krona (SEK), and reports the following financial results for 2021:
$$\begin{array}{l}\begin{array} { | l | r | } \hline \text { Sales } & \text { SEK200,000 } \\\hline \text { Cost of sales } & 170,000 \\\hline \text { Operating expenses } & 25,000 \\\hline \text { Dividends } & 500 \\\hline\end{array}\\\\\text { Additional information for 2021: }\\\\\begin{array} { | l | c r | } \hline \text { Beginning retained earnings, remeasured } & \$ 6,000 \\\hline \text { Beginning retained earnings, translated } & \$ 4,000 \\\hline \text { Beginning net monetary liabilities } & { \text { SEK } ( 20,000 ) } \\\hline \text { Beginning net assets } & \text { SEK } 8,000 \\\hline \text { Beginning inventory balance } & \text { SEK } 600 \\\hline \text { Ending inventory balance } & \text { SEK } 1,600 \\\hline\end{array}\end{array}$$ •Operating expenses include SEK5,000 in depreciation and amortization on assets acquired when the exchange rate was $0.15/SEK.
•Dividends were declared when the exchange rate was $0.128/SEK.
•Sales and inventory purchases were made evenly throughout the year.
•The beginning inventory was purchased when the exchange rate was $0.12/SEK, and the ending inventory was purchased when the exchange rate was $0.13/SEK.
Exchange rates ($/SEK):
Beginning of 2021………………………………….. $0.120
Average for 2021…………………………………… 0.125
End of 2021………………………………..…………. 0.130
Required
a. Assume the functional currency of Sagermart is the krona. Calculate the subsidiary's translated net income for 2021 and its translated retained earnings at the end of 2021, in U.S. dollars.
b. Assume the functional currency of Sagermart is the U.S. dollar. Calculate the subsidiary's remeasured net income for 2021 and its remeasured retained earnings at the end of 2021, in U.S. dollars.