Consider the following financial data for questions 24 and 25. Year 1 Year 2 Assets: Residence 100,000 100,000 Brokerage account 15,000 25,000 Automobile 30,000 50,000 Paintings 150,000 250,000 Cash 12,000 14,000 307,000 439,000 Liabilities: Mortgage 50,000 35,000 Automobile loan 30,000 10,000 80,000 45,000 Income: Salary 64,000 66,000 Other 6,000 7,200 70,000 73,200 Expenses: Mortgage payments 6,000 6,000 Auto loan payments 4,800 4,800 Other living expenses 20,000 21,500 30,800 32,300