Balance Sheet ICA #2 Develop John's balance sheet as his financial situation currently stands. CEF/FAM 251 In-Class Activity #2 Name: Josh Derry Asset: Asset-Liability Net Worth Monetary asset (e.g., checking account, cash) Investment asset (e.g, stocks) Tangible asset (eg, car, computer) Short-term liability (paid off 1 year) John Fox graduated from UK last year. Currently, he owes $18,000 in student loan. He has a car that he bought 3 years ago for $18,000. The value of his car today is $8,000, and his auto loan has a balance of $2,000. John bought a computer 2 years ago for $1,200, but now the computer is worth $800. He has $1,500 in his checking account. His credit card debt totals $800 currently. John's Balance Sheet Assets Items Dollar Amount Monetary Assets Total Monetary Assets Tangible Assets Total Tangible Assets Investment Assets Liabilities Short-Term Liabilities Total Investment Assets Total Assets I