Pedro and Lucy started to create a budget (based on last year's income and expense statement) but got stuck. They know that you have learned to create budgets and are asking for your help. They would like you to input the correct values for the first three months of next year: In addition to the statement, you will need to know the following information: - They estimated their net annual income (after taxes and employer deductions) at $15,750 for Pedro and $14,175 for Lucy - Insurance is paid at the end of each calendar quarter - Lucy purchases her commuter pass on the first of each month - The parents' loan is money they borrowed from Lucy's parents to pay off their student loans. How much they pay each month is determined by them - The fun money listed on the statement is the money spent for a crulse to Mexico. They didn't keep track of any other entertainment expenses (such as dinners out and movies) incurred during the year. Enter a valug in cach blank cell to get full credit for this exercise, and round all dollar amounts to the nearest whole dollar. Enter any cash deficit with a minus sign. Looking at the completed budget, what single item would you recommend that they add to their budget? Savings and investments Dividend and interest income Pensions and annuities This is because: The couple needs to budget for contingencies and save for future goals. The couple needs to increase their distributions from their retirement plans. The couple needs to increase their taxable income