use the data to creat an end of year statement of financial position

1. Given the following information, develop a beginning-of-the-year statement of financial position Beginning date End date Client name January 1, 2018 December 31, 2018 Frank and Lols Fox Beginning Balance Ending Balance Income/Expenses Amount (ready 5750 $0 $990 $381 $4,99% 5600 $1,500 Section 401(k) plan deferrals Section 4010) plan-Frank $0 Section 403(b) plan deferrals $990 Section 403(b) plan-Lois $15,432 $10,436 Auto loan Auto loan interest Auto loan principal Auto maintenance $20,000 $18,000 Automobile-Frank $5,750 $5,175 Automobile--Lois $2,124 Automobile insurance premiums $10,000 $15,570 Checking Child support $2.400 Clothing $3,600 Credit card $10,870 $10,417 Credit card payments interest $1,707 Credit card payments principal $453 Entertainment $4,200 FICA and federal income tax (W/H) $11,449 Food $4,800 Furniture/household $36,000 $34,000 Go-cart $0 Homeowners insurance premiums $1,200 $534 Jewelry $6,000 Maid/child care $6,100 Mortgage on residence $4,800 $72,960 Mortgage payment interest $72,164 Mortgage payment principal Personal residence Property tax (principal residence) $85,000 $89,250 Reinvestment in savings account/trust $850 Salary-Frank $5,675 Salary-Lois $25,000 Savings Savings account/trust fund interest $33,000 $14,175 Trust fund Tuition and education expenses $5,675 Utilities Additional transactions: $2,893 $2,100 Made a joint gift of bedroom furniture with a fair market value of $2,000 to Frank's little sister Section 401(k) plan employer match = 3% of income Bought a go-cart for their son for $1,200 $5,808 $796 $13,500 $100,000 $105,000 1. Given the following information, develop a beginning-of-the-year statement of financial position Beginning date End date Client name January 1, 2018 December 31, 2018 Frank and Lols Fox Beginning Balance Ending Balance Income/Expenses Amount (ready 5750 $0 $990 $381 $4,99% 5600 $1,500 Section 401(k) plan deferrals Section 4010) plan-Frank $0 Section 403(b) plan deferrals $990 Section 403(b) plan-Lois $15,432 $10,436 Auto loan Auto loan interest Auto loan principal Auto maintenance $20,000 $18,000 Automobile-Frank $5,750 $5,175 Automobile--Lois $2,124 Automobile insurance premiums $10,000 $15,570 Checking Child support $2.400 Clothing $3,600 Credit card $10,870 $10,417 Credit card payments interest $1,707 Credit card payments principal $453 Entertainment $4,200 FICA and federal income tax (W/H) $11,449 Food $4,800 Furniture/household $36,000 $34,000 Go-cart $0 Homeowners insurance premiums $1,200 $534 Jewelry $6,000 Maid/child care $6,100 Mortgage on residence $4,800 $72,960 Mortgage payment interest $72,164 Mortgage payment principal Personal residence Property tax (principal residence) $85,000 $89,250 Reinvestment in savings account/trust $850 Salary-Frank $5,675 Salary-Lois $25,000 Savings Savings account/trust fund interest $33,000 $14,175 Trust fund Tuition and education expenses $5,675 Utilities Additional transactions: $2,893 $2,100 Made a joint gift of bedroom furniture with a fair market value of $2,000 to Frank's little sister Section 401(k) plan employer match = 3% of income Bought a go-cart for their son for $1,200 $5,808 $796 $13,500 $100,000 $105,000