Question: Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow

Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month $ 650 Monthly take-home salary $ 1,950 Cash in checking account 450 Savings account balance 1,890 Spending for food 345 Balance of educational loan 2,160 Current value of automobile 7,800 Telephone bill paid for month 65 Credit card balance 235 Loan payment 80 Auto insurance 230 Household possessions 3,400 Home entertainment system 2,350 Payment for electricity 90 Lunches/parking at work 180 Donations 70 Computers 1,500 Value of stock investment 860 Clothing purchase 110 Restaurant spending 130

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