6. Cash-flow statement Deon and Keyshia Wallace have been married for two years. They have been trying to save but feel that there is never anything leftover after expenses. Keyshia is taking a night course on personal finance, and she suggested that they prepare a cash-flow statement for the year ended December 31, 2016. Use the worksheet that Deon and Keyshia provided plus the additional information to fill in the missing amounts on the Wallace's cash-flow statement for the year ended December 31, 2016. (Note: Round percentages to one decimal place, and dollar amounts to the nearest whole dollar. If your answer is negative, use a minus sign.) Deon and Keyshia put together the following worksheet. Cash received & income taxes: Cash payments: Deon's salary $27,500 Rent $1,382 Keyshia's salary 26,125 School Loan 218 Deon's bonus 4,125 Train pass (year) 900 IBM dividend 17 Car loan payment 315 14 Savings interest 435 Auto insurance (year) Income taxes: Central Maine Power 290 Deon 138 4,950 T-Mobile Keyshia 4,703 Here is some additional information: Here is some additional information: For income items, they know yearly amounts. For some expenses, they know the annual amount (for example, Keyshia's annual commuter-train pass). They listed those amounts and noted them as such. Unfortunately, for other expenses, they provided the payment they made last month, stating that the amount doesn't change much from month to month. Based on their employer-provided health insurance, they incur a copay of $30 per visit. They estimated that they saw the doctor (combined) 6 times during the year. Deon estimated that he spends about $60 a week on gas and maintenance for their two cars, and he takes out $100 for spending money every week. Keyshia estimated that she spends about $100 a week on groceries and $200 a month on clothing. She never has cash and uses her credit cards for everything. They went on a Norwegian Cruise that cost $1,750; they took an additional $500 for spending. That was their only vacation. Cash-Flow Statement Name: Deon and Keyshia Wallace Date: For the year ended December 31, 2016 Dollars INCOME Deon's salary 27,500 26,125 Keyshia's salary Deon's bonus 4,125 Interest and dividends Total Income $ EXPENDITURES Fixed Expenses Rent expense Deon's income taxes 4,950 Keyshia's income taxes 4,703 Automobile loan payment Education loan Phone Transportation 900 Automobile insurance and registration 435 Total fixed expenses $ Variable Expenses Food $5,200 Utilities Keyshia Come lol Automobile loan payment Education loan Phone 900 Transportation 435 Automobile insurance and registration $ Total fixed expenses Variable Expenses Food $5,200 Utilities Gasoline and maintenance 2,250 Vacations Clothing Miscellaneous (Deon's withdrawals) 5,200 180 Medical expenses $ Total variable expenses $ Total Expenses $ $ SURPLUS (DEFICIT) for the year. This means that if they accounted for all of their cash Based on this cash-flow statement, Deon and Keyshia have a cash flows in and out, their bank balance should have by from December 31, 2015 to December 31, 2016