Question: solve the question shown in attachment Construct Financial Statements. Thomas Green has been a retail salesclerk for six years. At age 35, he is divorced

solve the question shown in attachment

solve the question shown in attachment Construct
Construct Financial Statements. Thomas Green has been a retail salesclerk for six years. At age 35, he is divorced with one child, Amanda, age 7. Thomas's salary is $36,000 per year. He regularly receives $400 per month for child support from Amanda's mother. Thomas invests $100 each month ($50 in his mutual fund and $50 in U.S. savings bonds). Using the following information, construct a balance sheet and a cash-flow statement for Thomas. ASSETS Amount Vested retirement benefits (no employee $3,000 contribution) Money market account (includes $150 of 5,000 interest earned last year) Mutual fund (includes $200 of reinvested 4,000 dividend income from last year) Checking account 1,000 Personal property 5,000 Automobile 3,000 U.S. savings bonds 3,000 Outstanding LIABILITIES Balance Dental bill (pays $25 per month and is included in uninsured medical/dental) $ 450 Visa (pays $100 per month) 1,500 Student loan (pays $100 per month) 7,500 ANNUAL EXPENSES Amount Auto insurance $ 780 Rent 9,100 Utilities 1,200 Phone 680 Cable 360 Food 3,000 Uninsured medical/dental 1,000

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