Question: Construct a balance sheet and estimate the annual take-home income of the Williams' family from the information presented below: Would you grant this family a

Construct a balance sheet and estimate the annual take-home income of the Williams' family from the information presented below:

Would you grant this family a loan of $ 10,000 to fund the purchase of new kitchen appliances and repairs to the family automobile? Why or Why not?

Checking Account Balance Credit Card Obligations Department Store Debt U. S. Savings Bonds Unpaid Life Insurance Premiums Gas and Oil Credit Card Balances Home Mortgage Mutual Fund Shares Pension Plan Assets Annual take-home income-0.28 of the family's total assets S2,860 Credit Union Deposit 7,400 Bank Loan 1,875 Estimated Market Value of- 3,460 625 289 68,500 Cash Surrender Value of Life 15,430 47,995 S550 13,800 Home Autos Furniture and Appliances 81,000 23,780 13,490 3,770 Insurance

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