Question 2 (25 marks) Alison is a senior-year college student and is doing a six-month internship in recreational services. The resort where she is interning is providing room and board during the five days a week she works, as well as a small stipend of $500 per week after taxes. This will be her only source of income over the next six months. Alison's living expenses include her mobile phone at $120 per month, food and groceries at about $60 per week, clothing at $160 per month, transportation at $100 per month, and approximately $100 per week for recreation Required: Complete an income and expense statement for Alison and answer the following questions, assuming 4 weeks per month. 1. What is Alison's total income during the internship? (3 marks) 2. What are Alison's total expenses per month? What about for the entire internship period? (5 marks) 3. What is Alison's total cash surplus (or deficit) during the internship? (3 marks) 4. Compute the savings ratio for Alison for the entire internship period. (4 marks) 5. Suppose Alison makes a payment of $420 per month on her outstanding consumer credit. (1) Compute fer debt safety ratio. (2) How would you characterize Alison's debt burden? (3) What if her weekly stipend were $600 and she had monthly credit payments of $360? (6 marks) 6. Suppose on average, Alison has $74 cash at hand, S100 in checking account, and $120 in saving account per month, and her current liability is simply her monthly credit payment of $420 above. What is Alison's liquidity ratio? (4 marks)