cash flow statement

108 PART 1 Financial Planning years. At age 35, he is divorced with one child, Amanda, age 7. Thomas's salary is S46,000 per year. He regularly receives $400 per month for child support from Amanda's mother. Thomas invests S100 each month ($50 in his mutual fund and Pages 81 and 83 $50 in U.S. savings bonds). Using the following information, construct a balance sheet and a cash-flow statement for Thomas. ANNUAL VARIABLE EX Dry cleaning Personal care Gas, maintenance, lic Clothes Entertainment DO IT IN CLASS Vacations/visitation/t Child care Gifts Miscellaneous Federal income tax Social Security taxes Health insurance ASSETS Amount Vested retirement benefits (no employee contribution) Money market account (includes $150 of interest earned last year) Mutual fund (includes $200 of reinvested dividend income from last year) Checking account Personal property Automobile $6,000 5,000 6. Budgeting am Hartley of C family nexty (illustrated i Leyia thinks stead of $4, book sales 5,000 1,000 5,000 12,000 3,000 U.S. savings bonds baby's birth (a) Lookir identif Outstanding Balance LIABILITIES Dental bill (pays $25 per month and is included in uninsured medical/dental) 450 they re eral ar 3,500 Visa (pays $100 per month) Student loan (pays $100 per month) (S7,2 7,500 (b) Assur not t Amount ANNUAL FIXED EXPENSES speci give (ii) t an a $ 780 Auto insurance 12,000 2,400 Rent Utilities 980 iPhone Cable 1400 as w 800 (c) If th Internet 3,v000 cen Food Uninsured medical/dental 1,000 be Ga What iS TIls TieL c Construct Financial Statements. Thomas Green, of Laramie, Wyoming, has been a retail salesclerk for six Amount ANNUAL VARIABLE EXPENSES $ 480 Dry cleaning Personal care Gas,maintenance, license Clothes 420 2,120 500 2,700 3,300 5,000 DO IT IN CLASS Entertainment Vacations/visitation/travel Pages 81 and 83 Child care e sheet and a 400 Gifts 300 Miscellaneous 5,600 3,500 2,440 Federal income tax Amount Social Security taxes Health insurance $6,000 5.000