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Your company has been hired by Jerry Stevens and Tricia Stevens to provide assist them with their financial planning needs. Your team will use the case information below to help provide a financial overview and help answer financial questions for your new clients.

The Family Profile

Names Jerry Tricia

Ages 40 36

Health Condition Excellent Average

Employment Status Employed - $90,000 per year Employed $30,000 per year

Life Expectancy 82 88

Children Yes 1 son named Ray

Jerry and Tricia recently moved from Los Angeles to Dallas, Texas to focus on their new clients with the Mavericks and the Cowboys. Tricia works as administrative assistant to Jerry. Jerry has been a sports agent for over 15 years. They have been married for 5 years.

Jerry and Tricia have provided the following data for you to review:

Primary Residence - $300,000

Utilities - $400

2016 BMW 3281i *1 unsure of value

Food -$500

Auto Insurance $150

Discover Credit Card Balance *2 $7,500

20017 Lexus $48,000 *3

Mortgage Payment *4 Unknown

BMW LOAN *5 $15,410

Entertainment $400

Stocks and Bonds -$25,000

*1 The car is in good condition and has 12,000 miles. It is the very basic model.

*2 Interest rate is 22% and minimum payment is $150

*3 The original loan was $55,000. It was financed for 60 months @ 4%. They bought the car 12 months ago.

*4 The house was purchased a few years ago. It was financed for $290,000 @ 4% over 30 years. Property taxes and insurance equal $620

*5 The clients put down a large amount of money and financed the vehicle for 60 months 2 years ago and a 4% APR

Yard Service $50

Payment of parent loan $150

Student Loan Balance *6 $15,400

Church tithing $200

Annual federal tax withholding last year and projected for next year $21,000

FICA taxes $9,180 last year and projected the same for the next year

401(k) Contributions $500 per month

Health Insurance Premium $185 per month

Children costs $400

Boat $30,000

Toll tag $120

401(K) (his) $220,000

Contributions to savings account $350

529 Plan $6,000

Clothing $300

Savings account $6,000

Groceries $500

Entertainment $600

BMW Payment $828

Your clients would like you to create a statement of cash flows for them to see where their money went last year.