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3. The following table illustrates Serana Inc. global business activities for the year 2021. (20 pts) Company imports Company export Foreign aid Asset purchase

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3. The following table illustrates Serana Inc. global business activities for the year 2021. (20 pts) Company imports Company export Foreign aid Asset purchase received 2021 $45,000,000 $65,000,000 $5,000,000 $5,000,000 $8,000,000 Calculate the balance of trade for Serana for the year 2021 Is Serana operating under a trade surplus or a trade deficit? Explain why. Calculate the balance of payment for Serana for 2021 Does Serana have a favourable or an unfavourable balance of payments? Explain why.

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