The dividends are paid in equal amounts on March 31 and September 30 of each year. The 2015 issuance of common stock occurred on November 1, 2015, and Prospect continued to hold an 80% interest. The...

The dividends are paid in equal amounts on March 31 and September 30 of each year. The 2015 issuance of common stock occurred on November 1, 2015, and Prospect continued to hold an 80% interest.

The subsidiary’s functional currency is the FC, and relevant exchange rates between the FC and the U.S. dollar are as follows:

1. Calculate the cumulative translation adjustment traceable to each year 2014 and 2015.

2. Given the consolidated balance sheet at the end of 2014 and 2015, calculate the amount of the cumulative translation adjustment that is traceable to the controlling and noncontrolling interest.