Jamie Lee and Ross decided to purchase life insurance for Ross because his is the higher income at this time and because it would be more devastating if his income was lost due to his death. They have allowed $8,800 for funeral costs. Calculate their living expenses for 6 months to include all monthly expenses, excluding credit card debt and entertainment. Note that Ross's mother lives ciose and will be providing childcare to their triplets once Jamie Lee goes back to work at the bakery for half days. His mom will have a hired nanny to assist, which will cost them $1,350 a month. Use the table below to determine the amount Jamie Lee and Ross should use when shopping for life insurance. Each answer must have a value for the assignment to be complete. Enter "O* for any unused categories Current Financial Situation Assets: Checking account Savings account Emergency fund savings account IRA balance $3.300 Gross income (Jamie Lee) $16,800 Net income after taxes (Jamie Lee) $19,900 Gross income (Ross) $25,800 Net income after taxes (Ross) $12,300 Monthly Expenses: $19,800 Mortgage $53,000 $37100 $77,000 $63,900 Car Uamie Lee) Car (Ross) $1,345 $480 $280 Property taxes Student loan balance $0 Homeowners insurance