Question $1$ Peter is a $48-$year$-$old Singaporean. He recently realised that his retirement is a mere $17$ years away, and would like to get his financial affairs in order. He lives with his wife, Jenna, who is $45$ years old. The couple does not have any children. As a contract worker, his ordinary wage annual income in $2024$ is about $$97,000.$ He does not earn additional wages. For this employment, Peter pays $20\%$ of his income towards his CPF accounts. Since $2023,$ Peter has had investments in bonds of Kira Industries totalling about $$35,000.$ From this investment, he regularly collects a yearly coupon of $3\mathrm{.}5\%$ per annum. At the end of $2024,$ Peter has a savings account balance amounting to $$20,150.$ This includes interest of $$150$ earned on this account for the year $2024.$ As his regular savings, Peter also maintains a minimum savings rate of $10\%$ of the net income $($total inflow$)$ after CPF deduction, and before spending his money on anything else. Peter has summarised his other annual expenses to include Personal Expenses of $$42,756$ per year, and this consists of expenses like grooming, food and other miscellaneous expenses. He also spent a total of $$7,500$ in $2024$ for leisure and his annual trip with his wife. Peter$$s home loan still has a balance of $$256,000$ for the next $17$ years at an interest of $3\%$ per annum, resulting in monthly instalment of $$1,620\mathrm{.}32$ per month. Based on recent transactions of similar homes in the area, Peter$$s $5-$room Housing Development Board $($HDB$)$ home is currently valued at $$732,400.$ Peter owns an $8-$year old car valued at $$40,000.$ He completed repaying the loan on his car $2$ years ago. A few years ago, Peter also took a personal loan of $$21,000$ from a good friend and he intends to start repaying his friend starting next calendar year in monthly instalments of $$350$ over the next $5$ years. Peter also owns a Fixed Deposit with a balance of $$30,000,$ as we as a Unit Trust valued at $$53,223\mathrm{.}44($a$)$ Employ a Cash Flow Statement to detail Peter$$s income and expenditure for the period $1$ Jan $2024$ to $31$ Dec $2024.($Total $15$ marks$)($b$)$ Employ a Net Worth Statement, also referred to as the Personal Balance Sheet, to document Peter$$s assets and liabilities for the period ending $31$ December $2024.($Total $18$ marks$)($c$)$ Apply the Basic Liquidity Ratio to Peter$$s circumstances and identify how Peter$$s financial health is represented by the ratio $($Total $7$ marks$)$

PS: only confused for the expenses in cash inflow statement saving income portion, do i take the net income meaning $($$$77,600$x$10\%)$ or total inflow which is including the other income $($investment and interest$)$