Prepare an annual income and expense statement for the Wallingfords as of December $31.$ Round all dollar amounts to the nearest whole dollar, and do not include an item in another category if a category already exists for it$.$ If an item does not require a balance, be sure to insert a zero to avoid a loss of credit for the particular item.

Income and Expense Statement

Name$($s$)$: Sam and Joan Wallingford

For the: Year I Ended: December $31,20$XX

Income

$\backslash$table$[[,,$Dollars$],[$Wages and salaries,Name: Sam Wallingford,$$37,500$