Morty is using the needs approach to determine how much life insurance to buy. Complete the worksheet below. IMPORTANT: Your answers should be rounded to the nearest integer and should NOT include symbols ('$' or ','). Cash Needs Funeral costs $5,000 Probate costs Total estate clearance fund Income Needs Readjustment income $50,000 Retirement income $100,000 Total income needs Special Needs Mortgage redemtion fund |$60,000 Emergency fund $20,000 Total special needs Total needs Assets Checking account $15,000 Mutual funds and securities $30,000 Retirement plan |$30,000 Current life insurance Total assets $120,000 Life insurance needed Life insurance needed Total needs Total assets $120,000 Additional life insurance needed $140,000