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After searching public records and other sources, you accumulate the following financial information for John Dough: Given the financial information, determine whether there is a

After searching public records and other sources, you accumulate the following financial information for John Dough: Given the financial information, determine whether there is a likelihood of fraudulent income. If so, determine the amount.

Assets: Residence #1 Residence #2 Stocks and bonds Automobiles Boat CD Cash Liabilities: Mortgage balance #1 Mortgage balance #2 Auto loans Boat loan Income: Salary Interest/other Expenses: Mortgage payments Auto loan payments Boat loan payments Other living expenses YEAR 1 $150,000 $150,000 10,000 18,000 8,000 3,500 84,000 YEAR 2 12,000 20,000 35,000 22,000 27,000 7,500 42,000 38,000 22,000 49,000 5,000 15,000 6,000 3,500 22,000 YEAR 3 $150,000 85,000 35,000 35,000 22,000 50,000 18,000 15,000 85,000 5,000 55,000 7,000 26,000 6,000 5,000 31,000

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