ACTIVITY DESCRIPTION Assume you are a first-year university student and excited about moving away from home to go to university. You have saved $9,000 form your summer employment and your parents agreed to match that $9,000. In addition, you received a $13,500 student loan. All of this money is intended to last you for the academic year. At September 1, you had $31,500 cash ($9,000+ $9,000+ $13,500), and a cellphone that cost $400. You have kept all of the receipts for all of your expenditures between September 1 and December 15. The following is a complete list of your cash receipts. Residence and meal plan fees ($1,650 per month) Damage deposit on residence Tuition for September to December Textbooks Personal costs (personal items, entertainment, eating out) New clothes Cellphone monthly costs (total for all 4 months) New Laptop Travel to go back home at Christmas Expenditure Amount $ 6,600 600 5,500 900 2,200 2,250 375 1,300 Activate Windows Go to Settings to 450 ate Windo O On December 15 vou checked the balance in your bank account and you only have $11.100 cash You are anxious because you know residence for the second term will cost you $6.600 Type here to search 9:19 PM