The Martinez family has provided you with a current balance sheet and an estimated budget of
their living expenses for the year 2012. These statements will show you the Martinez family’s
current financial condition, and they will give you a very good picture of how the Martinezes
manage their personal finances. Using the information on the balance sheet, you will need to
calculate and determine the annual and monthly loan payments and car payments and arrive at the
total living expenses and available cash remaining on the budget.