James has established the following monthly budget for himself: rent . . . . . . . . . . . . . . . . . . . . . . . . . $300 food. . . . . . . . . . . . . . . . . . . . . . . . . $175 entertainment. . . . . . . . . . . . . . . . . . . . . . $125 savings . . . . . . . . . . . . . . . . . . . . . . . . $200 car loan . . . . . . . . . . . . . . . . . . . . . . . . $250 personal needs. . . . . . . . . . . . . . . . . . . . . $ 50 miscellaneous. . . . . . . . . . . . . . . . . . . . . . $ 25 insurance payments. . . . . . . . . . . . . . . . . . . $125 how much does james earn each month? (assume that the budget above accounts for james’s entire monthly income.)