Cash flowsIt is typical for Jane to plan, monitor, and assess her financial position using cash flows over a given period, typically a month. Jane has a savings account and her bank loans money at 6 % per year while it offers short-term investment rates of 5 % Jane's cash flows during August were as follows:

a.Determine Jane's total cash inflows and cash outflows.

b.Determine the net cash flow for the month of August.

c.If there is a shortage, what are a few options open to Jane?

d.If there is a surplus, what would be a prudent strategy for her to follow?

Item	Cash inflow		Cash outflow
Clothes			$1,400
Interest received	$440
Dining out			$450
Groceries			$820
Salary	$4,300
Auto payment			$339
Utilities			$290
Mortgage			$1,260
Gas			$246