Use the budget information for Laura Shannon for Exercises 3 and 4 Laura's Financial Report 3. The Consumer Credit Counseling Service Teacher, monthly after-tax income: S5,000 Tutor, monthly after-tax income: $1,200 suggests that the monthly food budget be Monthly Expenses between 15-30% of income. $600 $2,200 $180 $80 S50 Groceries Personal loan S100 Land line phone $60 Auto insurance $70 Savings College loan $250 Cell phone Medical insurance $60 Entertainment $250 Rent a. What is Laura's total monthly food Car loan bill including dining out? Electricity Sanitation Cable/Internet$40 Dining out $400 $350 b. What percent of spent on food? spent porfoodfher income isason$200Cellept lhea is 580 $40 Water Renter's insurance $30 Debt reduction $200 Non-Monthly Expenses Is Laura below, in, or above the recommended interval? c. Medical: $250 in April, $250 in September Auto-related: $400 in October Home-related: $250 in February, $250 in November Life insurance: $110 in April, August, December Tuition: $2,000 in May (summer) and August (all Vacation: $800 in July Gifts: $250 in March and December Contributions: $10 each week of the year Repairs: $280 in October Taxes: $1,500 in January and September 4. Use a cash flow template to construct a cash flow plan for Laura. What is her monthly cash flow