Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.

1. Rent for the month, $650

2. Monthly take-home salary, $1,950

3. Cash in checking account, $450

4. Savings account balance, $1,890

5. Spending for food, $345

6. Balance of educational loan, $2,160

7. Current value of automobile, $7,800

8. Telephone bill paid for month, $65

9. Credit card balance, $235

10. Loan payment, $80

11. Auto insurance, $230

12. Household possessions, $3,400

13. Home entertainment system, $2,350

14. Payment for electricity, $90

15. Lunches/parking at work, $180

16. Donations, $70

17. Computers, $1,500

18. Value of stock investment, $860

19. Clothing purchase, $110

20. Restaurant spending, $130