From Question $4($a$),$ the Average Balance Method gives an estimated monthly payment of $$223$ on a $10-$year loan with an interest rate of $6\mathrm{.}8\%$ per year. Assume that Sandra has the following minimum living expenses:Rent and utilities cost $$1000/$monthFood and eating out cost $$300/$monthCar payment and insurance cost $$300/$month Entertainment, gas, and cell phone cost $$200/$monthClothing and miscellaneous household expenses cost $$100/$monthHealth Insurance costs $$100/$monthYou should also expect that about $30\%$ of Sandra's "gross income" $($her actual salary$)$ will be deducted from her paycheck to cover various taxes, Medicare, and Social Security. Estimate how much Sandra would have to earn annually to be able to afford this loan payment of $$223$ per month. Discuss in your group before recording your answer and strategy in the given space.