Problem:
Given the following information, calculate cash inflows, cash outflows, and cash surplus or deficit for Tim Calibe.
- Gross Salary $5,550
- Deductions $1,650
- Interest Earned $25
- Rent $950
- Parking $225
- Food & Dining out $345
- Clothing $100
- Insurance (home, auto) $150
- Cell phone $50
Please explain in detail and show all work.