with explanation please

Submission Format: Excel, BlackBoard dropbox Assignment: Assume Mexico has the following transactions at the end of June 1977 (in Mexican pesos). Exports, goods $10,000,000 Remittances - to Mexico $20,000,000 Imports, goods $155,000,000 M&A Income-to Mexico $1,000,000 Exports, services $55,000,000 FDI - to Mexico $22,000,000 Imports, services $5,000,000 FDI - from Mexico $3,000,000 Income $o Stocks SO ODA-to Mexico $5,000,000 Loans $0 1. What would Mexico's balance of payments worksheet look like? Make sure to properly name the Bop accounts and properly assign the entries. 2. Does Mexico experience trade surplus or deficit? By what amount? 3. If Mexico experiences a trade deficit, a. What accounts can Mexico use to cover such deficit? b. Is there enough money to cover the trade deficit? If not, by how much? 4. If there is not enough money to end the deficit, what strategy can Mexico implement to obtain needed funds