ABC Trading Company of Singapore purchases spices in bulk from around the world, packages them into consumer size quantities and sells them through sales affiliates in Hong Kong and the Unites States. For a recent month, the following payments matrix of inter-affiliate cash flows, stated in Singapore dollars, was forecasted. ABC Trading Company Payments Matrix (S$000) Disbursements by: Singapore Hong Kong U.S. Receipts by: Singapore 80 110 Hong Kong 16 44 U.S. 22 50 Calculate, in Singapore dollars, the amount that the inter-affiliate foreign exchange transaction will be reduced by with multilateral netting. S$170,000 S$152,000 S$405,000 S$322,000