Increase in foreign holdings of assets in Country X $2,560 Exports of goods 925 Imports of services -456 Statistical discrepancy? Net transfers -77 Exports of services 623 Imports of goods -1,211 Income payments on investments -444 Increase in Country X's holdings of assets in foreign countries -2,478 Income received on investments 502

how to prepare a balance of payments account and find the value of the statistical discrepancy. Assume that the balance on the capital account is zero. (10 marks)