Using the cash-fl ow statement developed by William Soshnik (see Table 3.4), enter the data from the Garman/Forgue companion website. The program will calculate the totals.

(a) Print the cash-fl ow statement, and compare the results with the text for accuracy.

(b) What original source records might William use to develop his cash-fl ow statement?

(c) Use the data in the cash-fl ow statements for William (Table 3.4) and for Victor and Maria Hernandez (Table 3.5) to advise William on how his fi nancial life will change as he becomes older.