Barry Greenstem, a partner at Homegrown Gardens, LLP has hired you, a fraud examiner, to do a preliminary investigation of his concerns that Betty Stevenson is accepting kickbacks. The red flags he identified are: 

1) Homegrown pays higher prices to the wholesaler Monromio Nursery than other retailers do and 

2) Betty appears to be living beyond her means.      

Barry wants you to do a preliminary investigation and to write a memo to him and the other partners. You determine that you need to do a net worth analysis as a first step in your preliminary investigation. Your memo should provide the partners with a summary of the situation, your initial analysis/findings, the possible options the partners have if they want you to continue your investigation, and what next steps you recommend.    

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YEAR BEFORE LAST THIS YEAR YEAR LAST Assets: Personal $70,000 $70,000 $200,000 residence 45,000 45,000 Automobiles 15,000 Houseboat 30,000 30,000 ATVS 12,000 12,000 Liabilities: Mortgage balance 30,500 100,000 35,000 Auto loan 2,500 Loan on 15,000 11,000 houseboat Income: Betty's salary 25,000 25,500 26,000 Mike's salary 35,000 36,000 37,000 Expenses: Mortgage 4,500 4,500 13,000 раyments Auto payments 1,800 1,800 Houseboat payments 2,400 2,400 Other living expenses 15,000 17,000 15,000 YEAR BEFORE LAST THIS YEAR YEAR LAST Assets: Personal $70,000 $70,000 $200,000 residence 45,000 45,000 Automobiles 15,000 Houseboat 30,000 30,000 ATVS 12,000 12,000 Liabilities: Mortgage balance 30,500 100,000 35,000 Auto loan 2,500 Loan on 15,000 11,000 houseboat Income: Betty's salary 25,000 25,500 26,000 Mike's salary 35,000 36,000 37,000 Expenses: Mortgage 4,500 4,500 13,000 раyments Auto payments 1,800 1,800 Houseboat payments 2,400 2,400 Other living expenses 15,000 17,000 15,000