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Peter who is self-employed has the following income and expenses during the year: Business Income 115,000 Interest Income 1,500 Dividend Income 2,200 Hobbies 550 Recreational

Peter who is self-employed has the following income and expenses during the year:

Business Income 115,000
Interest Income 1,500
Dividend Income 2,200
Hobbies 550
Recreational Expenses 5,500
Vacation Expenses 2,500
Alimony 950
Healthcare Cost 5,250
Clothing Expenses 780
Insurance Cost 6,250
Food Expenses 8,275
Taxes 1,150
Furniture Cost 12,000
Debt Repayment 22,000
New Debt Taken 2,575
Retirement investments 15,500

What is the total cash flow during the year?

$56,070

$40,570

$47,700

$61,550

What is the net cash flow during the year?

$61,550

$47,700

$40,570

$56,070

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