2. Accounting for trade in goods and services Consider the following transactions that occur during the current year: 1. Lorenzo, a liquor store owner in Canada, orders 50 bottles of champagne from a French distributor at a price of $75.00 per bottle. 2. A Canadian company sells 200 transistors to a Spanish company at $15.00 per transistor. 3. Sam, a Canadian citizen, pays $900 for a TV he orders from Cosmart (a Canadian company). Complete the following table by indicating how the combined effects of these transactions will be reflected in Canadian national accounts for the current year. Hint: Remember to enter a minus sign when the balance is negative. Amount (Dollars) Imports Exports Domestic Spending Net Exports Gross Domestic Product (GDP)