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6) The Ministry of Health has a state-owned subsidiary in the Singapore. The investment utilizes the government's sovereign fund in USD but is converted

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6) The Ministry of Health has a state-owned subsidiary in the Singapore. The investment utilizes the government's sovereign fund in USD but is converted to SGD for the investment. The balance sheet is as follow: Balance Sheet Assets Cash Accounts receivable Inventory Net plant & equipment Liabilities & Net Worth Current liabilities Long-term debt Capital stock Retained earnings Jun-22 100,000,000 195,000,000 140,000,000 265,000,000 700,000,000 75,000,000 125,000,000 355,000,000 145,000,000 700,000,000 Given that the spot exchange rate is SGD1.38/USD and the weighted average exchange rate for "Inventory" is SGD1.35/USD; and "Net plant and equipment" is SGDI 30/USD, calculate the net exposure [all assets - (current liabilities + long term debt)] of the Ministry of Health using the temporal method (round off to the nearest dollar).

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