Ala Leslie's Personal Monthly Budget Budget Actual Sources of Income Employment Wages $ 4,500 $ 4,500 Interest $ 100 $ 75 Dividends $ 60 $ 35 TOTAL INCOME ? ? Sources of Expenses Taxes $ 920 $ 920 Mortgage Payment $ 1,050 $ 1,050 Home Insurance $ 95 $ 95 Car Payment $ 450 $ 450 Auto Insurance $ 161 $ 161 Student Loan Payment $ 286 $ 286 Utilities $ 300 $ 350 Retirement $ 178 $ 178 Entertainment $ 175 $ 245 Groceries & Eating Out $ 310 $ 390 Travel $ 400 $ 400 Credit Cards $ 215 $ 315 TOTAL EXPENSES ? SURPLUS/DEFICIT ? ] lalala Ales ? les Leslie's Balance Sheet Assets Checking $ 2,500 Savings $ 4,000 Stocks $ 10,000 Home $ 220,000 Automobile $ 25,000 Jewelry $ 2,150 Clothes $ 1,820 Household Items $ 7,030 Musical Instrument $ 2,500 Collections $ 1,600 401(k) $ 21,000 TOTAL ASSETS ? Liabilities Credit Cards $ 5,500 Mortgage $ 168,000 Student Loan $ 29,000 Auto Loan $ 18,500 TOTAL LIABILITIES ? If Leslie were to lose her job, how long could she live, assuming she cut back expenses to those things that were essential in an emergency situation? Calculate based on her budgeted expenses. (Assume taxes are federal and state income taxes.) al