On January 1,2011,Veldon Co $\text {January 1, \(2011 \quad\) Issued common stock for \(\$ 500,000\)}$

On January 1,2011,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 2011: $\text {January 1, \(2011 \quad\) Issued common stock for \(\$ 500,000\)}$
$\text {July 14, \(2011 \quad \quad\) Sold a patent at a gain of \(\$ 40,000\)}$
$\text {October 1, \(2011 \quad\) Paid dividends of \(\$ 60,000\)}$

$\text {Malont' s operating revenues and expenses for 2011 were \(§ 800,000\) }$
$\text {and \(\ § 650,000\), respectively. The appropriate exchange rates were:}$

$\text {January 1, \(2011 \quad \quad \$ 1 = \$ 2.5\)}$
$\text {July \(14,2011 \quad\quad \quad \$ 1 = \$ 2.1\)}$
$\text {October \(1,2011 \quad\quad \$ 1 = \$ 2.6\)}$
$\text {December \(31,2011 \quad \$ 1 = \$ 2.7\)}$
$\text {Average for \(2011 \quad\quad \$ 1 = \$ 2.4\)}$
Required:
Calculate the translation adjustment for Malont.(Round your answers to the nearest whole dollar. )