In the previous example, suppose that these are all of the entries in Freedonia’s BOP table. Calculate the value of errors and omissions.

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TABLE 11.2 Balance-of-Payments Example Merchandise exports Credits $1,000,000 (2) Debits Balance $100,000 (5) Services travel $15,000 (4) Income receipts $10,000 (3) Unilateral transfers $100,000 (5) Current Account Balance $995,000 Other private U.S. asset purchases $10,000 (3) U.S. bank claims $1,000,000 (1) U.S. bank liabilities $1,000.000 (1) $1,000,000 (2) Statistical discrepancy $15,000 (4) Official Settlements Balance U.S. reserve assets $5,000,000 (6) Foreign official assets $5,000,000 (6)