On January 1, 2011, Veldon Co Malont's Operating Revenues and Expenses for 2011 Were

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: $\begin{array}{ll}\text { January 1, 2011 } & \text { Issued common stock for } \S 500,000 \\\text { July 14, 2011 } & \text { Sold a patent at a gain of } \S 40,000 \\\text { October } 1,2011 & \text { Paid dividends of } \S 60,000\end{array}$

Malont's operating revenues and expenses for 2011 were $\S 800,000$
and $\S 650,000$ , respectively. The appropriate exchange rates were:


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