It is typical for Jane to plan, monitor, and assess her financial position using cash flows over a given period, typically a month. Jane has a savings account and her bank loans money at 6 % per year while it offers short-term investment rates of 5 %.

Jane's cash flows during August were as follows:

Clothes $1,200 Interest received $450 Dining out $460 Groceries $820 Salary $4,600 Auto payment $357 Utilities $270 Mortgage $1,140 Gas $234

a.Determine Jane's total cash inflows and cash outflows.

b.Determine the net cash flow for the month of August.

c.If there is a shortage, what are a few options open to Jane?

d.If there is a surplus, what would be a prudent strategy for her to follow?

a. Jane's total cash inflows are $ ? . (Round to the nearest dollar.)