Alonzo will attend a 4-year college, and he is planning his budget.
Answer the following.
(a) Below is an estimate of all his expenses and sources of funding for his 4-year college education.
For each, select whether it is an expense or a source of funding.
\begin{tabular}{llcc}
& & Expense & Funding \\
Grants: & $\$ 17,320$ & 0 & 0 \\
Transportation: & $\$ 3440$ & 0 & 0 \\
Books and supplies: & $\$ 3160$ & 0 & 0 \\
Personal expenses: & $\$ 3760$ & 0 & 0 \\
Scholarships: & $\$ 6040$ & 0 & 0 \\
Tuition and fees: & $\$ 29,120$ & 0 & 0 \\
Student loans: & $\$ 7000$ & 0 & 0 \\
Family contribution: & $\$ 7240$ & 0 & 0
\end{tabular}
(b) What is the total of his estimated expenses?
(c) What is the total of his estimated funding?
(d) Can Alonzo expect to have enough money for his education? How much is the difference?
Yes. He will have $\$[$ more than he needs.
No. He will need an additional S[].

Step 1 ：First, categorize each item as either an expense or a source of funding. The categorization is as follows: \begin{tabular}{llcc} & & Expense & Funding \\Grants: & \$ 17,320 & 0 & 1 \\Transportation: & \$ 3440 & 1 & 0 \\Books and supplies: & \$ 3160 & 1 & 0 \\Personal expenses: & \$ 3760 & 1 & 0 \\Scholarships: & \$ 6040 & 0 & 1 \\Tuition and fees: & \$ 29,120 & 1 & 0 \\Student loans: & \$ 7000 & 0 & 1 \\Family contribution: & \$ 7240 & 0 & 1 \end{tabular}

Step 2 ：Next, calculate the total of his estimated expenses. The total of his estimated expenses is \(\boxed{39480}\).

Step 3 ：Then, calculate the total of his estimated funding. The total of his estimated funding is \(\boxed{37600}\).

Step 4 ：Finally, compare the total expenses and total funding to determine if Alonzo has enough money for his education. Alonzo cannot expect to have enough money for his education. He will need an additional \(\boxed{1880}\).