Income statement preparation Adam and Arin Adams have collected their personal income and expense information and have asked you to put together an income and expense statement for the year ended December 31, 2019. The following information is received from the Adams family a. Create a personal income and expense statement for the period ended December 31, 2019. It should be similar to a corporate income statement. b. Did the Adams family have a cash surplus or cash deficit? c. If the result is a surplus, how can the Adams family use that surplus? OpicuddlCEL) Adam's salary Arin's salary Interest received Dividends received $45,400 30,000 530 190 580 770 3,250 13,600 Utilities Groceries Medical Property taxes Income tax, Social Security Clothing and accesories Gas and auto repair Entertainment $3,240 2 2,210 1,540 1,656 13,100 2,010 2,120 1,970 Auto insurance Home insurance Auto loan payment Mortgage payment