Present Tenses. Multiple Choice

Choose the correct option Dear Jane, It 1) since my last letter to you. I 2) and the company is doing well. This is very fortunate as many of my friends 3) their jobs. Our savings 4) a disastrous dive because of the economy. I 5) he situation everywhere is difficult and I 6) happy I still have a job. My friend Michael and his wife Georgia 7) in Virginia. Michael 8) studying massage therapy. He 9) a small clinic in partnership with another woman. As I say, many people 10) a hard time now.