please help me answeer the following given Data table(Click the icon here o in order to copy the contents of the data table below into a spreadsheet.)Adam's salary$44,800 UtilitiesS3,220Arin's salary30,400 Groceries2,150Interest received460 Medical1,470Dividends received120 Property taxes1,657Auto insurance560Income tax, Social Security13,500Home insurance780 Clothing and accessories2,020Auto loan payment3,260 Gas and auto repair2,080Mortgage payment14,500 Entertainment2,040PrintDone Income statement preparation Adam and Arin Adams have collected their personal income and expense information and have asked you to put together an income and expense statement for the year. The followinginformation is received from the Adams family Ea. Create a personal income and expense statement for the Adams family. It should be similar to a corporate income statement.b. Did the Adams family have a cash surplus or cash deficit?c. If the result is a surplus, how can the Adams family use that surplus?a. Create a personal income and expense statement for the Adams family. It should be similar to a corporate income statement.Complete the income part of the personal income and expense statement: (Round to the nearest dollar.)Personal Income and Expense StatementPeriod Ended December 31, 2021IncomeAdam's salary$Arin's salaryInterest receivedDividends receivedTotal IncomeComplete the expenses part of the personal income and expense statement: (Round to the nearest dollar.)

Income and expenses statement in personal finance refers to the statement which comprises of all…

Income statement preparation Adam and Arin Adams have collected their personal income and expense information and have asked you to put together an income and expense statement for the year. The following information is received from the Adams family 9 a. Create a personal income and expense statement for the Adams family. It should be similar to a corporate income statement. b. Did the Adams family have a cash surplus or cash deficit? c. If the result is a surplus, how can the Adams family use that surplus? a. Create a personal income and expense statement for the Adams family. It should be similar to a corporate income statement. Complete the income part of the personal income and expense statement (Round to the nearest dollar.) Personal Income and Expense Statement Period Ended December 31, 2021 Income Adam's salary $4 Arin's salary Interest received Dividends received Total Income Complete the expenses part of the personal income and expense statement: (Round to the nearest dollar.)

Income statement preparation Adam and Arin Adams have collected their personal income and expense information and have asked you to put together an income and expense statement for the year. The following information is received from the Adams family 9 a. Create a personal income and expense statement for the Adams family. It should be similar to a corporate income statement. b. Did the Adams family have a cash surplus or cash deficit? c. If the result is a surplus, how can the Adams family use that surplus? a. Create a personal income and expense statement for the Adams family. It should be similar to a corporate income statement. Complete the income part of the personal income and expense statement (Round to the nearest dollar.) Personal Income and Expense Statement Period Ended December 31, 2021 Income Adam's salary $4 Arin's salary Interest received Dividends received Total Income Complete the expenses part of the personal income and expense statement: (Round to the nearest dollar.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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