I 2. Income and expense statement Sam and Joan Wallingford have been married for over two years. They have been trying to save for a down payment on a house, but they feel that there is never anything left over to save. They talked with their parents who suggested that they prepare an income and expense statement. Sam and en put together the following worksheet. Car payment Sam's commission Commuter train pass (year) Proctor & Gamble dividend Renter's Insurance (year) Rocky Mountain Power bill AT&T bill Rent Worksheet 1. $315 Savings account interest 3,375 School loan 3,300 Taxes 116 Sam 330 110 105 550 The following is some additional information. Joan Wages & salaries Sam Joan $ 28 165 4,050 3,848 22,500 21,375 . For income items, they knew yearly amounts. For expenses, in some cases they knew the annual amount (for example, Joan's commuter train pass). They listed those amounts and noted them as such. . Unfortunately, for other expenses, they provided last month's payment, stating that the amount didn't change much from month to month. . Based on their employer-provided health insurance, they incur a copay of $15 per visit. They estimated that they saw the doctor (combined) 3 times during the year. Joan estimated that she spends about $175 a month on clothing and $220 a month on groceries. They went on a Princess Cruise trip that cost $1,975. They took an additional $500 in spending money. That was their only vacation.

2. Income and expense statement Sam and Joan Wallingford have been married for over two years. They have been trying to save for a down payment on a house, but they feel that there is never anything left over to save. They talked with their parents who suggested that they prepare an income and expense statement. Sam and Aan put together the following worksheet. The following is some additional information. - For income items, they knew yearly amounts. For expenses, in some cases they knew the annual amount (for example, Joan's commuter train pass). They listed those amounts and noted them as such. - Unfortunately, for other expenses, they provided last month's payment, stating that the amount didn't change much from month to month, - Based on their employer-provided health insurance, they incur a copay of $15 per visit. They estimated that they saw the doctor (combined) 3 times during the year. - Joan estimated that she spends about $175 a month on clothing and $220 a month on groceries. - They went on a Princess Cruise tnp that cost $1,975. They took an additional $500 in spending money. That was their only vacation. Avepare an annual income and expense statement for the iVailingfords as of December 31 . Round all dollar amounts to bhe neantst inhole dollar, and do nce holude an item in another category if a categary already exists for it. If an itern does not reguire a balance, be sure to insert a zero fo svoid a biss of credle for the purticular item