Saved Continuing Case 16. Personal Cash Flow Statement Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her income towards savings, which includes accumulating enough money towards the $7,000 down payment she needs to begin her dream of opening a cupcake cafe. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account. She would really like to sit down and get a clearer picture of how much she is spending on various expenses, including rent, utilities, entertainment and how her debt compares to her savings and assets. Jamie Lee's telephone is currently paid for by her father as she is on the family phone plan. graduation. She realizes that she must stay on track and keep a detailed budget if she is to realize her dream of being self-employed after college Use the information below to record Jamie Lee's inflows and outflows of cash for a one-month period. Each answer must have a value for the assignment to be complete. Enter "O" for any unused categories. Current Financial Situation Assets: Monthly Expenses: Checking account $1,800 Rent obligation $220 Emergency fund savings account $4,200 Utilities/electricity $70 Car $5.100 Utilities/water $30 Computer & iPad $1,050 Utilities/cable TV $115 Liabilities: Food $110 Student loan $6,500 Gas/maintenance $90 Credit card balance $950 Credit card payment $40 Income: Car insurance $40 Gross monthly salary $2,105 Clothing $40 Net monthly salary $1,535 Entertainment : Cake decorating class $85 Savings allocation: $125 Movies with friends $45 Regular savings Rainy day savings $50