1.Salleh and Hawa have been married for 5 years. They own a condominium in Petaling Jaya, and have no children. Salleh is 28 and Hawa is 26 years old respectively. Both have set their longest term financial goal 34 years from now for their retirement. Salleh has just completed his final year as an engineer, working in an manufacturing company. Hawa an MBA graduate is working at a local advertising company. Both love to travel and enjoy water sports. Before they want to start a family, they want to to ensure that they are financially stable and have set up their children's education fund and well as meet all their short and medium goals. They have decided to compile a list of their expenses so that they can see clearly. Below are information of their expenses so they can a regular savings program:-

Items	Annual Expenditures (RM)
Balance of long term loan (from parents)	19,200
Wages and Salary - Salleh	240,000
Jewellery and artwork	6,000
Current account - Salleh	3,040
Homeowner fire insurance premium payment	4,800
Wages and Salary - Hawa	93,400
Condominium (market value)	900,000
Life insurance premium payment	7,460
Stocks	15,000
Stock dividend received	480
Salleh's bonus	12,200
Toyota Camry (market value)	92,000
Auto insurance premium payment	7,120
Short term loan	700
Dental/medical bills	500
Mortgage payment	47280
Household furnishing	14,800
Credit card balance - Hawa	1,200
House repair	4200
Mutual funds	9,000
Outstanding housing loan	640,000
Auto loan payment	10,080
Retirement funds	16,000
Savings Account -Hawa	2,900
Credit card balance- Salleh	1,880
Income tax- Salleh and Hawa	73,276
Money market funds and deposits	3,200
Balance of auto loan	17,400
Corporate bonds	4,000
Corporate bond interest received	780
Credit card limit - Salleh and Hawa (each)	10,000
Education loan	15,200
Electric and water and cable tv bills	7000
Phone bill and internet	1920
Maintenance fee for condo	960
Groceries	9700
Car maintenance	9,060
Fine dining	13,600
Hospital bills	1,220
Medical checkup for both	9,000
Shopping expenses	6,800
Property tax	8,400
Purchase 3 unit air conditioner	5,000
Laundry, cosmetics and hair care	2,800
Vacation	18,520
Tuition fee and books	5,600
Holiday/birthday gifts	860
Education loan payment	3,600
Paid parents' loan	2,400

i.Prepare the couple's balance sheet for the year ended 31 December 2020 (10 marks)

ii.Prepare the couple's income statement for the year ended 31 December 2020 (10 marks)

iii.Analyse and explain the couple's financial performance by applying personal finance ratios. (10 marks)