Question: Assn #2 - Group #1 Dateline for final & draft submission are notified by your Instructor in the forum in your course page in Moodle

Assn #2 - Group #1 Dateline for final & draft submission are notified by your Instructor in the forum in your course page in Moodle Calculations and layout must be your own, and descriptive answers must be in your own words. If you need to use specific information from a bank's website, for example, be sure to reference it to the specific site. Clearly state any assumptions that you make and ensure that the assumptions are reasonable. DO NOT answer all in a same worksheet - answer in 4 separate worksheets. Have another worksheet as a cover page to state your group's information. For (a) to (c), each calculation step carries 1 mark. For (d), each answer to specific question carries 1 mark. Required: (a) Prepare an income statement for last year (2016) for the Gruber family. Assume that they had no taxes owing or refunded. (b) Prepare a balance sheet as of the end of last year (2016) for the Gruber family. (c) Prepare a monthly cash budget for the period of January to December of this year (2017). State clearly any assumptions you make. (d) Comment on the Gruber family's current situation with regard to their cash budget

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