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

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, 2022 Assets Liabilities and Net Worth Liquid Assets Current Liabilities Cash $663.30 Electric $350.17 Checking 729.63 Water 150.07 Savings 829.13 Insurance premiums 250.13 Total Liquid Assets: $2,222.06 Taxes 362.50 Mortgage 2,416.67 Investments Auto 750.38 Retirement funds, IRA $3,189.38 MasterCard 650.33 Total Investments: $3,189.38 Total Current Liabilities: Real Property Long-Term Liabilities Primary residence $469,800.00 Primary residence mortgage $116,000.16 Total Real Property: $469,800.00 Total Long-Term Liabilities: Personal Property Honda Pilot $34,485.00 Total Personal Property: $34,485.00 (2) Total Liabilities: (1) Total Assets: Net Worth (1) - (2): Total Liabilities and Net Worth: Based on the completed balance sheet, the Fosters' net worth is . It isn't just the preparation of a balance sheet but the interpretation of the data that can reveal a family's financial condition. Steve and Bonnie Foster are both age 44. What conclusions can you draw? With their balance sheet in place, Steve and Bonnie can compare their total liabilities to

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