Skip and Jackie put together the following worksheet. Cash received & income taxes: Skip's salary Jackie's salary Skip's bonus Apple dividend Savings interest Income taxes: Skip Jackde Cash payments: $28,000 Rent $1,407 26,600 School Loan 113 4,200 Train pass (year) 900 20 Car loan payment 315 17 Auto insurance (year) 225 Puget Sound Energy 150 5,040 Vonage 71 4,788 Here is some additional information: For income items, they know yearly amounts. For some expenses, they know the annual amount (for example, Jackie's annual commuter-train pass). They listed those amounts and noted them as such Unfortunately, for other expenses, they provided the payment they made last month, stating that the amount doesn't change much from month to month. Based on their employer provided health insurance, they incur a copay of $15 per visit. They estimated that they saw the doctor (combined) 3 times during the year. Skip estimated that he spends about $60 a week on gas and maintenance for their two cars, and he takes out $100 for spending Skip estimated that he spends about $60 a week on gas and maintenance for their two cars, and he takes out $100 for spending money every week. Jackie estimated that she spends about $100 a week on groceries and $200 a month on dothing. She never has cash and uses her credit cards for everything They went on a Disney Cruise that cost $1,975; they took an additional $500 for spending. That was their only vacation. Cash-Flow Statement Name: Skip and Jackie Parker Date: For the year ended December 31, 2016 Dollars 28,000 26,600 4,200 INCOME Skip's salary Jackie's salary Skip's bonus Interest and dividends Total Income EXPENDITURES Fixed Expenses Rent expense Skip's income taxes Jackie's income taxes Automobile loan payment 5,040 4,788 5,040 4,788 900 225 Rent expense Skip's income taxes Jackde's income taxes Automobile loan payment Education loan Phone Transportation Automobile insurance and registration Total fixed expenses Variable Expenses Food Utilities Gasoline and maintenance Vacations Clothing Miscellaneous (Slaps withdrawals) Medical expenses Total variable expenses Total Expenses SURPLUS (DEFICIT) $5,200 2,475 5,200 45 Based on this cash-flow statement, Skip and Jackie have a cash in and out their bank balance should have by for the year. This means that if they accounted for all of their cash flows from December 31, 2015 to December 31, 2016 Skip and Jackie Parker have been married for two years. They have been trying to save but feel that there is never anything leftover after expenses. Jackie is taking a night course on personal finance, and she suggested that they prepare a cash-flow statement for the year ended December 31, 2016. Use the worksheet that skip and Jackie provided plus the additional information to fill in the missing amounts on the Parker's cash flow statement for the year ended December 31, 2016. (Note: Round percentages to one decimal place, and dollar amounts to the nearest whole dollar. If your answer is negative, use a minus sign.) Skip and Jackie put together the following worksheet. $28,000 26,600 4,200 Cash received & income taxes: Skip's salary Jackie's salary Skip's bonus Apple dividend Savings interest Income taxes: Skip Tackle Cash payments: Rent $1,407 School Loan 113 Train pass (year) 900 Car loan payment 315 Auto insurance (year) 225 Puget Sound Energy 150 Vonage 71 20 17 5,040 4,788 Here is some additional information: . For income items, they know yearly amounts. For some expenses, they know the annual amount (for example, Jackie's annual commuter-train pass). They listed those amounts and noted them as such. Unfortunately, for other expenses, they provided the payment they made last month, stating that the amount doesn't change much from month to month Based on their employer-provided health insurance, they incur a copay of $15 per visit. They estimated that they saw the doctor (combined) 3 times during the year. Skip estimated that he spends about $60 a week on gas and maintenance for their two cars, and he takes out $100 for spending money every week Jackie estimated that she spends about $100 a week on groceries and $200 a month on clothing. She never has cash and uses her credit cards for everything. They went on a Disney Cruise that cost $1,975; they took an additional $500 for spending. That was their only vacation. Cash-Flow Statement Name: Skip and Jackie Parker Date: For the year ended December 31, 2016 Dollars 28,000 26,600 4,200 $ INCOME Skip's salary Jackie's salary Skip's bonus Interest and dividends Total Income EXPENDITURES Fixed Expenses Rent expense Skip's income taxes Jackie's income taxes Automobile loan payment Education loan Phone Transportation Automobile insurance and registration Total fixed expenses Variable Expenses 5,040 4,788 900 225 $ Food $5,200 Utilities Casoline and maintenance Variable Expenses $5,200 Food Utilities 2,475 Gasoline and maintenance Vacations Clothing Miscellaneous (Skip's withdrawals) Medical expenses Total variable expenses Total Expenses SURPLUS (DEFICIT) 5,200 45 $ $ Based on this cash-flow statement Skip and Jackle have a cash In and out their bank balance should have by for the year. This means that if they accounted for all of their cash flows from December 31, 2015 to December 31, 2016