Jim and Alice Lange, employees at Walmart, have put themselves on a strict budget. Their goal at years end is to buy a boat for $20,000 in cash. Their budget includes the following: 40% food and lodging 20% entertainment 10% educational Jim earns $1,600 per month and Alice earns $2,100 per month. After 1 year, will Alice and Jim have enough cash to buy the boat? (Assume that any amounts left over will be saved for purchase of boat.)