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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?
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