Question

2 Statement of Income and Expenses $100,000 68.770 Total $3.500 Statement of income and Expenses Ryan and Turany Pierce Statement of Income and Expenses for Past Year (2019) and Expected (Approximate) For This Year (2020) Cash Inflows Ryan's Salary Tiffany's Salary ML Brokerage Account Investment Portfolio Savings Account Education Fund Total Cash inflows Cash Outflows Savings $15,000 401) Plan Total Savings 134,00 24,776 3773 11.06273 5618.42 5145 501 Themes osa 379 56500 3. 4 28.6, 337,200 Federal Income Tawes Withheld 2.70 $4,000 State Income Taxes Withheld 3914916 ND Property Tax Residence 7,1910.404 Payroll [FICA) Total Taxes Debt Payments (Principal & Interest) 02 $14,891 ND Principal Residence Mortgage 129518 818 ND Auto Loan 2051.300 ND Credit Cards Total Debt Payments Living Expenses $5,000 ND Utilities for Residence 43650 Entertainment $5,000 ND Church Donations 9.90 $6,000 ND Clothing -7591.243ND Auto Maintenance 4.356.300 ND Food $30,043 Total Living Expenses Insurance Payments HO Insurance Principal Residence 1. 6 82,400 ND Health 1852,660 ND Auto Premiums -399$520 Life Insurance #1 ND 20 $30 ND Purand Jewelry Endorsement $2,667 Disability ND Total Insurance Payments $9,197 Total Cash Outflows $145,789 Net Discretionary Cash Flows ($288) ND - Non-Discretionary cash flows per mutual understanding between financial planner and client. *Federal and state income taxes withheld and Social Security taxes are presumed to be discretionary as opposed to nondiscretionary because job loss is the greatest risk to the emergency fund and these expenses are not incurred in the event of a lob loss 1905 7 21% .63% b 5920 ND 16.30

I need to help a couple with their finances for this assignment. I hace to prepare a vertical analysis of their statement of fiancial position and income and expense. Can anyone please help me using these photos?

Answer 1

ASUS EeeBook SOGE PAGE NO diabinty Amunt () Partustars Am(s) Perticalas 40 Amount (3) do Iwcome Statement Amount (6) 2400 1650 Felsovolux Asgh Principe Resident 18500024.66 Automobile L 21000 2.80dd Boat 10,000 1.33.1 Jewelleny 10.000 1-33). fumitur. 21000 3-600% Autonabile a 32000 4. 27011 285000 38.0114 Instwestie. Payment Ho YUPOMIE hicipal Residence Health Auto Payment dike Race Jewellery Exdosenant Disability The me Ryon's salary Tiffany salary a NL Doege Accomat Investment forelio Saving Account Education Fund 5200.35. 30 0.02 .0.0 - 36,000 13050 4721 618 68.72.00 24.74 ob 2.09.10 3.28% 1000 Total Exponses 145789 145SOL 190gelo -TYQEYY 1000l 7401647 logolo (0.2006 Net her (2288) (Total Expenses - total income). 15000 10 3 1 0 0 Ventical income Statement Therme Statement*100 Total Sales statemext of Ashes Amonth) olo Financial position kieli Particulars amount (s) do Ess Sings - Molplan Tomes Federal income taxes state income tax Property tax Residance Payroll 372.00 4000 4936 10404 56540 25:5 Toto 2015 3.390/0 Particulars 38.86000 vertical Belance sheet Balance Sheet items x 100 Total Assets/ Liability beat Payment Principal Residence Mortgage Auto loan Credit cards Current Assets L ot lokality cash s checking 7500 1.00.1 Credit Cards 4360 057). Sovings 15450 2064 22950 3.067. Long term librity Trucs et Assets Principal Residence first muual GOLO - Mortgage 134959 18.00%. - fund 7950 1.060 Auto loan looga 5.34 Investment bokslio 210.000 28.0d Monginoon 07522 2:34) ML Brokerage All Loom 13.341 199550 25-65 Education fund 22747 3.03% het slezing Plan 80000 10:6TH NO worth 552797 731 Rofit sharing Plan 12000 1060% IRA 9000 1.2011 491697 58.921 14891 10.23 % 18818124300 1300 o 0.89% 35009240602 3,44 ole Living Exponses vtilities for Residence Intertainment Church Donation clothing Auto maintenance Food 5000 6500 5006 6000 1243 6300 30043 3-4400 4012000 0.85000 43300 2.650%