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Use the following information to answer the questions below. Assume that the capital account is equal to zero.Net unilateral transfers 150Exports of goods and services 7500Net increase in United States government’s nonreserve foreign assists -130Net increase in foreign ownership of United States based nonreserve assets 550Net increase in U.S. private assets abroad 1250Invest income received in the U.S. 510Net increase in U.S. ownership of official reserve assets 110Imports of goods and services 6500Net increase in foreign ownership of U.S.-based reserve assets 100Investment income paid abroad by the U.S. 800(a) What is the current account balance?(b) What is the capital account balance?(c) What is the financial account balance?(b) Does the capital account equal the current account?(c) What is the statistical discrepancy?There is 20$ extra bonus, please show the formulas used to calculates the results
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