Your clients, Sasha and Michael Davis (age 50 and 60, respectively), have the following inflows,...

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Accounting

Your clients, Sasha and Michael Davis (age 50 and 60, respectively), have the following inflows, outflows, and account balances:
Annual planned personal savings contributions
$12,000
Annual debt payments
$20,401
Total annual outflows
$181,036
Total annual inflows
$196,400
403(b) retirement plan contributions made by the employer
$8,850
Current liabilities
$6,072
Long-term liabilities
$198,960
Cash & Cash equivalents
$44,362
Investment assets
$1,562,864
Personal use assets
$546,081
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