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. Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work. Home computer Clothing purchase $1,600 Monthly take-home salary 1,200 Savings account balance 500 Balance of educational loan 8,530 Telephone bill paid for month 244 Loan payment 300 Household possessions. 2,640 Payment for electricity 261 Donations. 1,920 Value of stock investment 186 Restaurant spending $3,480 2,870 2,250 162 109 3,710 152 75 1,670 135 Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows