$ 28 218 Worksheet Car payment $ 315 Savings account interest Stan's commission 3,000 School loan Commuter train pass (year) 4,356 Taxes Proctor & Gamble dividend 116 Stan Renter's Insurance (year) 435 Julie Rocky Mountain Power bill 145 Wages & salaries AT&T bill 138 Stan Rent 725 Julie 3,600 3,420 20,000 19,000 The following is some additional information. For income items, they knew yearty amounts. For expenses, in some cases they knew the annual amount (for example, Julie's commuter train pass). They listed those amounts and noted them as such . Unfortunately, for other expenses, they provide last month's payment, stating that the amount didn't change much from month to month Based on their employer provided health insurance, they incur a copay of $20 per visit. They estimated that they saw the doctor (combined) 4 times during the year. . Julle estimated that she spends about $100 a month on clothing and $290 a month on groceries They went on a Princess Cruise trip that cost $1.975. They took an additional $500 in spending money. That was their only vacation Prepare an annual income and expense statement for the Wallaces as of December 31. Round all dollar amounts to the nearest whole dollar, and do not include an Item In another category if a category already exists for it. If an Item does not require a balance, be sure to insert a zero to avoid a loss of credit for the particular item. Income and Expense Statement Name(s): Stan and Julie Wallace For the: Year Ended: December 31, 20XX Dollars Income Wages and salaries Name: Stan Wallace $20,000 Name: Julle Wallace Bonuses and commissions Stan's commission 3,000 Investment income Proctor & Gamble dividend received 116 Savings account (1) Total Income: Expenses Housing Rent or mortgage payment (include Insurance and taxes, it applicable) 8,700 Utilities Gas, electric, water Phone 1,656 Food Groceries 3,480 Transportation Public transportation 4,356 Auto loan Health, major medical, disability insurance (payroll deductions are not provided by 80 employer) Clothing Clothes, Shoes, and accessories 1,200 Insurance Rental or homeowner's Insurance Of not covered by mortgage payment) 435 Stan's income and Social Security Medical Taxes 2,475 Julie's income and Social Secunty Vacations 2,616 School loan 5 Recreation and entertainment Other (2) Total Expenses Cash Surplus or Deficit (1- 2)