6. Inceme and expensestatement Sam and Joan Wallingford have been married for over two years. They have been trying to save for a down payment on a house, but they feel that there is never anything left over to save. They talked with their porents who suggested that they prepare an incorme and expense statement. Sam and Joan put together the fellowing worksheot. The follewing is sorne additional informatian - For income items, they knew yearly amounts. For expenses, in some cases they knew the annual amount (for example, Joan's commuter train pass). They listed those amounts and noted them as such. - Unfortunately, for other expenses, they provided last month's payment, stating that the amount idin't change much from rognth to month, - Based on thelr employeroprovided heaith insurance, they incur a copay of 135 per visit, They estimated that they saw the doctor. (combined) 7 times during the year. - For income items, they knew yearly amounts. For cxpenses; in some cases they knew the annual amount ffer example, boan's commuter train pass). They linted those amounts and noted them as-such. - Unfortunately, for other expenses, they provided 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 $35 per vist. They estimated that they saw the dector (combined) 7 times during the yeat. - Joan estimated that she spends about $125 a month on clothing and $290 a month on groceries. - They went on a Camival Cruise trip that cost $1,975. They took an additional 3500 in spending money. That was their only vacation. Propare an annual income and expense statement for the Wallingfords as or Dexember 31. Round al doilar amounts to the nearest whole donar, and do not include an itevr in another capegory if a category already exists for it. If an ftem does not nequire a balanee, be sure to insert a zero to avold a Loss or credit for the particular item. Ch 02: Assignment- Usin2 Financial Statements and Budoets