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Prepare a Cash Flow and Net Worth Statement for Mary. ( just fill the cash flow chart)

Cash Flow Statement Based on current income and expenses, Mary provides the following breakdown: Her gross salary is $122,500 annually with Income Tax and FICA of $26,950 She has dividend income of $800 per year and interest income of $50 annually Her mortgage payment is $1,700 monthly; property taxes are $4,000 per year Mary's auto payment is $500 a month Her Homeowner's insurance premium is $900 annually, and all other insurance products are around $2,000 annually She has monthly expenses of $700 for food, $500 for transportation, $400 for clothing and personal, 500 for entertainment & vacation, $350 for medical and dental, $250 for utilities Mary Pays $600 Monthly for Her Student Loan Mary pays $600 monthly for credit card payments not separately categorized Mary estimates Miscellaneous Expenses of about $5,000 by subtracting expenses she can identify and savings from her Total Inflows Cash Flow Statement Outflows Inflows Totals $ INFLOWS Gross salaries Dividend income Interest income Other Income TOTAL INFLOWS $ 0 o $ 0 $ Cash Flow Statement 0 OUTFLOWS Savings and Investments Fixed Outflows Housing Property Taxes Student Loan Payments Auto Loan Payments Insurance premiums Total Fixed Outflows Variable Outflows Taxes Food Transportation Clothing/personal Entertainment/vacation Medical/dental care Utilities/household Credit card payments Miscellaneous Total Variable Outflows TOTAL OUTFLOWS $ $ 0 $ 0

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