$47,000 1,950 110 Kylie's salary Reimbursement for travel expenses Interest on: Savings account Bonds of Beta Corporation Groceries Rent Utilities Gas and auto expenses Ned's tuition, books, and supplies Books, magazines, and periodicals Clothing and other miscellaneous expenses Cost of photographic equipment purchased with charge card Amount paid this year on photographic equipment Kylie's travel expenses Purchase of a used car (cost) Outstanding loan balance on car Purchase of bonds in Beta Corporation 70 4,150 9,600 960 650 3,300 280 2,700 2,200 1,600 1,950 9,750 7,300 4,900 1. Using the information provided, prepare an income and expense statement for the Cleary's for the year ending December 31, 2016 (follow the form shown in Worksheet 2.2). INCOME AND EXPENSE STATEMENT Name(s) For the Ended Income Wages and salaries Name: Name: Name: Self-employment income Bonuses and commissions Investment income Interest received Dividends received Rents received Sale of securities Other Pensions and annuities Other income (1) Total Income Expenses Housing Utilities Food Transportation Medical Rent/mortgage payment (include insurance and taxes, if applicable) Repairs, maintenance, improvements Gas, electric, water Phone Cable TV and other Groceries Dining out Auto loan payments License plates, fees, etc. Gas, oil, repairs, tires, maintenance Health, major medical, disability insurance (payroll deductions or not provided by employer) Doctor, dentist, hospital, medicines Clothes, Shoes, and accessories Homeowner's (if not covered by mortgage payment) Life (not provided by employer) Auto Income and social security Property (if not included in mortgage) Loan payments Purchases and repairs Laundry, cosmetics, hair care Vacations Other recreation and entertainment Clothing Insurance Taxes Appliances, furniture, and other major purchases Personal care Recreation and entertainment Other items (II) Total Expenses CASH SURPLUS (OR DEFICIT)(1)-(11)