On January 1,2018,Veldon Co Malont's Operating Revenues and Expenses for 2018 Were

On January 1,2018,Veldon Co. ,a U.S.corporation with the U.S.dollar as its functional currency,established Malont Co.as a subsidiary.Malont is located in the country of Sorania,and its functional currency is the stickle (§).Malont engaged in the following transactions during 2018:
$\begin{array}{ll}\text { January } 1,2018 & \text { Issued common stock for } \S 500,000 \\\text { July } 14,2018 & \text { Sold a patent at a gain of } \S 40,000 \\\text { October } 1,2018 & \text { Paid dividends of } \S 60,000\end{array}$

Malont's operating revenues and expenses for 2018 were $\$ 800,000$ and $\$ 650,000$ , respectively. The appropriate exchange rates were:

$\begin{array}{ll}\text { January } 1,2018 & \S 1=\$ 2.5 \\\text { July } 14,2018 & \S 1=\$ 2.1 \\\text { October } 1,2018 & \S 1=\$ 2.6 \\\text { December } 31,2018 & \S 1=\$ 2.7 \\\text { Average for } 2018 & \S 1=\$ 2.4\end{array}$
Required:
Calculate the translation adjustment for Malont.(Round your answers to the nearest whole dollar. )