.Assume for this problem that Turkey's elements of its balance of payments for the month of August in 2020 are below:

Capital Flight $7398mill (meaning the amount of capital leaving the economy is $7398mill)

Exports $12,262mill

FDI $232mill

Foreign Portfolio Investment -$607mill

Imports $17,609mill

Remittances $21mill

Interest payments $444mill

Assume that their:

Foreign Debt on Aug. 1^stwas $421,826mill

Foreign Debt on Sept. 1^stwas $431,034mill

a. Use this information to solve the problems below.

i.Please calculate the current account for Turkey in August 2020.

ii.Please calculate the capital/financial account for Turkey in August 2020.

b.How much are they losing/gaining in foreign reserves ("cash account")