Saveu Jamie Lee Jackson, age 24. now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her income towards savings, which includes accumulating enough money towards the $12.000 down payment she needs to begin her dream of opening a cupcake cafe Jamie Lee has been making regular deposits to both her regular as well as her emergency savings account She would really like to sit down and get a dearer picture of how much she is spending on various expenses, including rent, utilitles, entertainment and how her debt compares to her savings and assets. Jamie Lee's telephone is currently paid for by her father as she is on the family phone plan She realizes that she must stay on track and keep a detailed budget if she is to realize her dream of being self employed after college graduation Use the information below to record Jamie Lee's inflows and outflows of cash for a one-month period. Each answer must have a value for the assignment to be complete Enter "o for any unused categories Current Financial Situation Assets Monthly Expenses Chedeng $4550 Rent obligation 5305 Ency tudags 51.700 electricity account $100 $4600 tisse 575 Come Pad 5800 Ustce TV $90 Llabilities Food S180 $6.000 Gemence Said Credit card $700 Cedit card 580 Gothic Now Savings allocation 50 580 52.425 Ching 510 Entertainment Coreng dans S180 Movies $25 560 580 Prov 33 50 Next > sch e 1 5 8 9 E ) * R D EL F G H K C B N M 1 Rainy day savings $25 For month ending 31-Dec Cash Inflows Salary (take home) Other income Other income Total Cash Outflows Fixed expenses Mortgage or rent Loan/credit card payment Insurance Other Total fixed outflows Variable expenses Food Clothing Electricity sch e 1 5 8 9 E ) * R D EL F G H K C B N M 1 Rainy day savings $25 For month ending 31-Dec Cash Inflows Salary (take home) Other income Other income Total Cash Outflows Fixed expenses Mortgage or rent Loan/credit card payment Insurance Other Total fixed outflows Variable expenses Food Clothing Electricity