Q3 Suppose the following table shows data on transactions between the Singapore and the rest of the world for the second quarter of 2022. Assuming the list is exhaustive, use the information given to answer questions 1 to 12. (15 marks) Current Account Financial Account Goods (a) Private Sector (e) Services (b) Official Settlements (f) Primary Income (c) Secondary Income (d) 1. Monetary Authority of Singapore (Singapore Central bank) buys foreign government bonds $7,150,000 2. Dividends received by foreign investors from investments in Singapore $20,000 3. US government provides tied aid to Singapore $350,000 4. Chinese payments made to Singapore producers for steel imports $80,000 5. Payments made by Singaporean for medical services availed in UK $25,000 6. Payments made by foreigners to rent boats in Singapore $40,000 7. Entry fees paid by Singaporean to National Museum in France $5,000 8. Purchases of Singapore government bond by foreign central banks $6,700,000 9. A resident of US sends money to a charity in Singapore $10,000 1. Transaction 1 belongs to (choose a subaccount from a to f. Please refer to the subaccount table above for information for a to f) and is _ _(debit or credit) (1 mark) 2. Transaction 2 belongs to and is (1 mark) 3. Transaction 3 belongs to and is (1 mark) 4. Transaction 4 belongs to and is (1 mark) 5 . Transaction 5 belongs to and is (1 mark) 6. Transaction 6 belongs to and is (1 mark) 7. Transaction 7 belongs to and is (1 mark) 8. Transaction 8 belongs to and is (1 mark) 9. Transaction 9 belongs to and is (1 mark) 10. Calculate the current account. (2 marks) 11. Calculate the capital and financial account. (2 marks) 12. Calculate the net errors and omissions. (2 marks)