Problem: An original current pay-slip from the applicant's employer James has a monthly mortgage payment of $3,600 per month. Assuming that 60% of the mortgage payment is principal and goes towards reducing the mortgage balance, what would be the total amount that would be shown as an expense in the housing or shelter category when preparing the year-end income statement? Select one: a. $17,280b. $15,290c. $25,920 d. $43,200 e. None of the above is correct