Question

A Aa 6. Cash-flow statement Prabakar and Gta lain have been married for two years. They have been trying to save but that there is never anything ever after expenses Gas taking right course on personalance, and she suggested that they prepare show statement for the year ended December 31, 2016 in the missing amounts on the show statement for the year Use the worksheet that Prabakar and Gta provided plus the aditional information to ended December 31, 2016 Catalog Offers Cash-Flow Statement Prabal het and Gta put together the following ptions Percent Cash received Prabakar's salary Gia's salary Prabakar's bonus Success Namel Prabakar and Gita Jain Date: For the year ended December 31, 2016 Dollars INCOME Prabakar's salary Gita's salary Prabakar's Bonus Interest and dividends Total Income income taxes Cash payments 527,750 R 26,363 School 4,163 Transfer 18 Carloan payment 15 Au c e year Puget Sound Energy 4,995 Vanage 4,745 Center Savings interest Income taxes edback EXPENDITURES Rent expense Here is some additional information For income items, they know yearly mounts. For some expenses they know the annual amount (for example, Gta's annua commuter-train pass). Theyted the amounts and noted them as ED FOR YOU Automobile loan pay By A and Batt Only C and D are the Only And Carer Only Destro Automobile insurance and registration Totalfixed expenses Unfortunately, for other expenses, they provided at they made last month, stating that the amount o g much from month to month Based on their employer provided he r e the moura of 5.30 per visit. They stimated that the doctor Sixes the year Pr i med that he spends about $60 a w ongas and ance for their two can, and he t out $10 ending money every week Multiple Choice Variable Expenses m tes MacBook Pro WE / R J K L M . command option

Answer 1

Cash-Flow Statement
Name: Prabhakar and Gita Jain
Date: For the year ended December 31, 2016
	Dollars	Percent
INCOME
Prabhakar's salary	27750	47.6%
Gita's salary	26363	45.2%
Prabhakar's bonus	4163	7.1%
Interest and dividends	33	0.1%
Total income	58309	100.0%
EXPENDITURES
Fixed Expenses
Rent expense	16800	28.8%
Prabhakar's income taxes	4995	8.6%
Gita's income taxes	4745	8.1%
Automobile loan payment	3780	6.5%
Education loan	2616	4.5%
Phone	1656	2.8%
Transportation	900	1.5%
Automobile insurance and registration	435	0.7%
Total fixed expenses	35927	61.6%
Variable Expenses
Food	5200	8.9%
Utilities	3480	6.0%
Gasoline and maintenance	3120	5.4%
Vacations	2700	4.6%
Clothing	1800	3.1%
Miscellaneous (Prabhakar's withdrawals)	5200	8.9%
Medical expenses	180	0.3%
Total variable expenses	21680	37.2%
Total Expenses	57607	98.8%
SURPLUS (DEFICIT)	702	1.2%

All percent values are rounded off to one decimal place in the absence of specific instructions regarding the same. Kindly round off as required.

Based on this cash-flow statement, Prabhakar and Gita have a cash surplus for the year. This means that if they accounted for all of their cash flows in and out, their bank balance should have increased by $702 from December 31, 2015 to December 31, 2016.