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Year 1 Year 2 Year 3 Assets: Residence 50,000 50,000 200,000 Stocks and bonds 10,000 10,000 10,000 Automobiles 15,000 15,000 40,000 Cash 5,000 8,000 20,000
Year 1 | Year 2 | Year 3 | |
Assets: | |||
Residence | 50,000 | 50,000 | 200,000 |
Stocks and bonds | 10,000 | 10,000 | 10,000 |
Automobiles | 15,000 | 15,000 | 40,000 |
Cash | 5,000 | 8,000 | 20,000 |
Liabilities: | |||
Mortgage balance | 40,000 | 30,000 | 0 |
Auto loan | 8,000 | 5,000 | 0 |
Student loans | 10,000 | 8,000 | 0 |
Income: | |||
Salary | 30,000 | 35,000 | 40,000 |
Other | 0 | 1,000 | 1,000 |
Expenses: | |||
Mortgage payments | 5,000 | 5,000 | 0 |
Car payments | 1,000 | 5,000 | 2,500 |
Student loan payments | 1,000 | 1,000 | 500 |
Other living expenses | 15,000 | 15,000 | 20,000 |
Total living expenses | 22,000 | 26,000 | 23,000 |
Calculate the amount of income from unknown sources
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