1- Last year Leather Boot, Inc. had investments in Paris worth 570,000 euros. At that time, the euro was worth $1.17. Today the euro is trading for $1.19. What is the gain or loss in value of the inventory expressed in dollars and in euros? Use a minus sign to enter the amount as a negative value. Round your answers to the nearest whole number. If your answer is zero, enter 0.

Net gain/loss in dollars: $

Net gain/loss in euros:

2- Consider the following information:

Imports	$201.5
Net income from foreign investments	29.1
Foreign investments in U.S.	7.4
Government spending abroad	5.5
Exports	175.5
U.S. investments abroad	20.0
Foreign securities bought by U.S.	4.2
U.S. securities bought by foreigners	3.4
Purchase of short-term foreign securities	6.9
Foreign purchases of U.S. short-term securities	8.1

Determine the balance on the U.S. current account and capital accounts. Use a minus sign to enter the amount as a negative value. Round your answers to one decimal place.

Balance on current account: $

Balance on capital account: $