Look at Jerry's monthly budget below. What percentage of Jerry's net income is spent on utilities? Net Monthly Income: $2,970.00 Expenses: Housing: $750.00 Utilities: $120.00 Food: $450.00 Transportation: $650.00 Healthcare expenses: $200.00 Savings: $300.00 Other expenses: $500.00 Total Monthly Expenses: $2,970.00 16% 4% 25.3% 12%