Wesley and Cienna Froelich heard that you were taking the PFI/PFP 3301 course. 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 they provided to you:

1. Construct their Cash Flow Statement (Income Statement).

Wesley's Salary (Net)	$ 45,000
Cienna's Salary (Net)	$ 45,000
Home value	$ 220,000
Mortgage payment	$ 9,200
2014 Toyota Corolla fair market value	$ 18,000
Checking Account balance	$ 1,500
Groceries	$ 8,500
Investment Account balance	$ 500
2014 Toyota Corolla loan payment	$ 4,400
Past Due Utility Bill	$ 250
Utilities	$ 3,000
Best Buy Credit Card Balance	$ 3,000
Entertainment	$ 3,200
2014 Toyota Corolla loan balance	$ 12,400
Stamp Collection	$ 2,500
Gas	$ 2,300
Mortgage balance	$ 148,600
Best Buy Credit Card Payments	$ 600
Jewelry	$ 1,800
Savings set aside each year towards a new car	$ 900
Tax Refund	$ 200
Money Market Account balance	$ 1,300
1999 Chevy Malibu fair market value	$ 1,400
401(k) Account balance	$ 750
Cash	$ 120
Auto Insurance payments	$ 1,350
Auto Registration	$ 1,800
Home and Auto Maintenance	$ 5,500
Credit Card Balance*	$ 150
*used to buy groceries and paid off monthly

Based on information they provided to you:

1. Construct their Cash Flow Statement (Income Statement).

Cash Flow Statement Wesley and Cienna Froelich January 1, 2017 - December 31, 2017 CASH INFLOWS ncome Annual Amount Total Cash Inflows CASH OUTFLOWS Annual Amount Total Fixed Expenses Total Variable Expenses Total Living Expenses (Fixed Variable) Net Unidentified Cash Flow