Question: 4. Balance sheet - Net worth and interpreting the data The following is a partial balance sheet for Steve and Bonnie Foster. Complete the

4. Balance sheet - Net worth and interpreting the data The following is a partial balance sheet for Steve and Bonnie Foster. Complete the balance sheet by determining their total assets, total current liabilities, long-term liabilities, and net worth. Balance Sheet Name(s): Steve and Bonnie Foster Date: December 31, 2012 Assets Liabilities and Net Worth Liquid Assets Current Liabilities Cash $221.10 Electric $350.17 Checking 243.21 Water 150.07 Savings 276.38 Insurance premiums 250.13 Total Liquid Assets: $740.69 Taxes 1,087.50 Mortgage 805.56 Investments Retirement funds, $1,063.13 IRA Total Investments: $1,063.13 Total Current Liabilities: Auto 750.38 MasterCard 650.33

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