Haikal and Dania are a married couple in their early 30's. Haikal is a cyber-crime manager and Dania work as an financial forensic manager. Since their married 5 years ago, they have been living comfortably. Their income has exceeded expenditures. Now Dania is three months pregnant and is concerned whether they are making can meet their new requirements. This is because she may have to quit working after their child is born. Haikal and Dania not to worry but the arguments given by Haikal are not convincing to her. Because of this she starts to gather all related information that might be useful. Below is the financial information that she has rounded up for the year ending 31 December 2020. Salaries Take home (RM) Gross pay (RM) Haikal 66.000 72,000 Dania 60,000 66,000 Food Clothing Mortgage Payment Travel and entertainment card balance Electric and water Household furnishing Telephone Card credit loan balance Credit card loan payment Car value- BMW Hire purchase payment Medical expenses Personal insurance payment Items Trip to Tokyo Japan Recreation and leisure. Mutual fund investment. Stock investment Dividend mutual fundi Stock dividend Long term debt Payment long term debt. Give to parents Tax payment Cash in hand Cash at bank Astro Groceries Dentist Computer Computer loan Amount (RM) 6,000 3,000 9,400 2,000 4,000 4,500 1,800 4,580 2,400 50,000 12,000 1,000 4,800 10,000 4,000 10,000 10,000 1,500. 2,000 50,000 6,000 4,800 2,800 400 1,300 1,200 6,000 600 6,000 2,400 Required: a) Using all the information above, construct this family balance sheet and cash flow statement for the year ending 31 December 2020. (25 marks) b) Construct the family's budget for the next year based on this information, assuming Dania will not be going to work for the rest of the following year: i. Spend medical expenses for the birth of their first child amount RM 5,000. ii. Clothing will increase 40% from previous. iii. Food, electricity and water, telephone and medical expenses will increase by 20%. iv. Child insurance RM1800. v. Child stroller RM2,000 vi. Child car seat RM 1,800 vii. Breast pump madela RM 2,000 viii. Expenses during confinement RM 2,000 ix. Visa for helper RM10,000 x. Helper salary RM12,000 (10 marks) c) Comment on the family financial conditions at the present and comment on what will happen if Haikal still insists on Dania quitting her job after giving birth to their first child. (10 marks)