Wesley and Cienna Froelich heard that you were taking the PFI/PFP 3301 course at Texas Tech University. Due to their limited knowledge in personal finance they are in a desperate need of your help! They want to know how well they are doing financially and how could they improve their situation Based on information the 1. Construct their Cash Flow Statement (Income Statement) 2. Construct their Balance Sheet . Calculate their financial well-being through the use of ratios 4. Provide recommendations y provided to you 45,000 45,000 $220,000 9,200 $18,000 1,500 8,500 Wesley's Salary (Net) Cienna's Salary (Net Home value Mortgage payment 2014 Toyota Corolla fair market value Checking Account balance Groceries Investment Account balance 2014 Toyota Corolla loan payment Past Due Utility Bill Utilities Best Buy Credit Card Balance Entertainment 2014 Toyota Corolla loan balance Stamp Collection Gas Mortgage balance Best Buy Credit Card Payments Jewelry Savings set aside each year towards a new car Tax Refund Money Market Account balance 1999 Chevy Malibu fair market value 401(k) Account balance Cash Auto Insurance payments Auto Registration Home and Auto Maintenance Credit Card Balance* 4,400 250 3,000 3,000 3,200 12,400 2,500 2,300 $148,600 600 1,800 900 200 1,300 1,400 750 120 1,350 1,800 5,500 150 used to buy groceries and paid off monthly