Given the following information, develop a beginning-of-the-year statement of financial position. Beginning date End date Client name January 1, December 31, 2015 Frank and Lois Beginnin Balance Ending Income/Expenses $750 $990 BalanceAmount (Yearl Section 401 (k) plan deferrals Section 401 (k) plan-Frank Section 403(b) plan deferrral:s Section 403(b) plan-Lois Auto loan Auto loan interest Auto loan principal Auto maintenance Automobile-Frank Automobile-Lois Automobile insurance premiums $0 $1,500 $0 $15,432 $990 $10,436 $381 4,996 $600 $20,000 $5,750 $18,000 $5,175 $2,124 $10,000 $15,570 $2,400 $3,600 Child support Clothing Credit card Credit card payments interest Credit card payments principal Entertainment FICA and federal income tax (W/H) Food Furniture/household Go-cart Homeowners insurance premiums Jewelry Maid/child care Mortgage on residence Mortgage payment interest Mortgage payment principal Personal residence Property tax (prindpal residence) Reinvestment in savings account/trust Salary-Frank Salary-Lois Savings Savings account/trust fund interest Trust fund Tuition and education expenses Utilities $10,870 $10,417 $1,707 $453 $4,200 $11,449 $4,800 $36,000 $34,000 $0 $6,000 $72,960 $1,200 $6,100 $72,164 $534 $4,800 $5,808 $796 $85,000 $89,250 $850 $5,675 $25,000 $33,000 $13,500 $14,175 $5,675 $100,00 $105,000 $2,893 $2,100