PART$2$:$-$Determine the Currentrinancialsituation:$(10.$Marks$)-1$

OVERMISW$6-1$

On$-$June$1,2024,$Selena$-$provided you$-$with the$-$followinginformation$-$about herfinances. $1$

She$-$has$-$only$-$one$-$income$-$source, her$-$gross$-$employment$-$income$-$of$$120,\frac{000}{?}$ year$-$Hertake$-$home$-$pay$-$aftertaxes$-$and$-$other$-$deductionsis$$\frac{5700}{?}$ month. $1$

She$-$estimates$-$her$-$monthly$-$expenses$-$as$-$follows$-$rent $$2500,$electricity $$100,$ internet$/$cable$/$phone $$300,$groceries $$300-$clothing $$250,$restaurants $$500,$ entertainment $$300,$studentloan $$300,$credit$-$card$-$payment $$225\mathrm{.}1$

She$-$hasa$3-$year$-$old$-$BMW$-$automobile$-$valued$-$at$$35,000-$which$-$she$-$financed$-$througha$-$personal$-$line$-$of$-$credit$($PLOC$).-$The$-$PLOChas$-$variable$-$interestrate$-$thatis$-$currently$-$at $10\%,$and$-$she$-$currently$-$owes $$30,000.--$she$-$pays $$1,000-$per. month$-$toward$-$paying$-$downthe$-$line$-$of$-$credit.$-1$

Hercreditcard$-$balances$-$are $$7,500-($total$,-$all$-$cards$)$ and$-$she$-$is$-$payingthe$-$minimum$-$payment$-(3\%)-$per$-$month.$-$Her$-$student$-$loan$-$balance$-$is$-$$$3,000-$and$-$willbe$-$paid$-$off by the$-$end$-$of the year.$-1$

Selena$-$has $$25,000-$in$-$a$-$high$-$interestsavings:accountat$-$BMO$-$making$-2\%,$and$-$$$2,000-$in$-$her$-$chequingaccount.$-1$

REOUIREMENLT

$1$

A$.$ Using the$-$information$-$provided$-$above, preparea$-$Cash$-$FlowstatementandNetworthstatementror Selena..$-$Please.use the format from your textbook.. $(5-$marks$-3-$marks$-$for$-$Cash$-$Flow$-$and$-2-$marksfor$-$Net$-$Worth$)$ II $1$

B$.$ In$-$reviewingSelena's$-$listof expenses,you$-$suspect$-$she$-$has$-$missed.several$-$items$--$ Iistanddescribe$-2-$otherexpenses$-$she$-$likelv$-$has each$-$month$-$buthas: notsdocumented. $(2-$marks$).$ In$-$your$-$own$-$words, explain whyith is important$-$to$-$captureallexpensesin the:Cash$-$Flow.statement. $(1-$mark$)-1$

c$.$ Based$-$on$-$Selena'sfinancial$-$statement, listandderescribetworactionss:lenacantakerightnow to$-$helprachieve$-$hershortterm$-$goals$-$Be$-$specific. $(2.$ marks$)$