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Debbie and Tim met in early November. They asked how each other was doing. Debbie claimed that she'd become much more successful than Tim. She

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Debbie and Tim met in early November. They asked how each other was doing. Debbie claimed that she'd become much more successful than Tim. She has had a part-time job for a month, where she earns $700 per month. Tim laughed at Debbie because he just won $1000 on a lottery ticket he bought in October, and that was merely for the "work of standing in line for a minute. It was just what he needed because his apartment costs $450 each month (per person), he shares with a roommate. Debbie pays $250 for her share of the rent, sharing an apartment with four others. Both Debbie and Tim have other normal living costs that total $300 each month. 1. Show your calculations for an income statement for Debbie and Tim for the month of October. 2. If you were a creditor, to whom would you rather lend money? Payable in 6 months? Justify your decision. us

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