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25 167 Robert recently graduated from CU-Boulder. He accepted a job with a firm in Denver a few months after graduation, and has been working
25 167 Robert recently graduated from CU-Boulder. He accepted a job with a firm in Denver a few months after graduation, and has been working there for the past 22 months. The following spreadsheet reflects income and expenses over the last calendar year. Statement of Income and Expenses Cash INFLOWS: Robert salary 48,800 interest dividends Cash OUTFLOWS: Non-discretionary fived and variable) rent 8,400 auto loan payment 4,070 auto insurance 1,860 credit card payments 360 student debt 3,226 utilities 5,400 food 6,200 FICA 3,733 Federal withholdings 4,170 State withholdings 1,685 misc expenses 2,000 vacations 5,000 entertainment 5,000 Question 7 1 pts Which of the following statements correctly describe Robert's cash flow situation? O deficit of $4,088 deficit of $2,112 O surplus of $2,112 O cash inflows exactly match cash outflows
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