Name: Sam and Joan Wallingford Date: For the year ended December 31, 2021 Dollars INCOME Sam's salary 26,000 Joan's salary 24,700 Sam's bonus 3,900 Interest and dividends 420 Total Income EXPENDITURES Fixed Expenses Rent expense 15,684 Sam's income taxes 4,680 Joan's income taxes 4,446 Automobile loan payment 3,780 Education loan 1,980 Phone 1,260 Transportation 900 Automobile insurance and registration 330 Total fixed expenses S Variable Expenses Food $5,200 Utilities 2,640 Gasoline and maintenance 3,120 Vacations 2,475 Clothing 2,100 Miscellaneous (Sam's withdrawals) 5,200 Medical expenses 45 Total variable expenses Total Expenses SURPLUS (DEFICIT)