Question 2 (15 points) Data John and Mary, who make $50,000 per year, calculated their average tax rate at 15 percent. They contribute 12 percent of their income to charity and pay themselves 10 percent of their income. They have a fixed 6%, $100,000 mortgage with 25 years to maturity, a 3 years $20,000 auto-loan at a fixed 7% rate, and a $10,000, 10 years to maturity and 3% fixed rate college loan. In addition, utilities and property taxes were $2,270 per year, food was $6,000, insurance was $1,500, and other expenses were $5,430 Calculations First, find compute their monthly expenditures on their mortgage, auto-loan and college loan Then compute their annual income statement (use Figure 2.6, page 39). How are they doing