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Do the Math $3-2$

Calculating Net Worth and Net Surplus

Jennifer Pontesso, from Lincoln, Nebraska, wants to better understand her financial situation. Use the following balance sheet and cash flow statement information

to determine her net worth and her net surplus for a recent month. Liquid assets: $$13,000$; home value: $$230,000$; monthly mortgage payment: $$1,400$ on

$$170,000$ mortgage; investment assets: $$70,000$; personal property: $$19,000$; total assets: $$332,000$; short$-$term debt: $$3,000($ $$250$ a month$)$; total debt:

$$173,000$; monthly gross income: $$14,000$; monthly disposable income: $$6,200$; monthly expenses: $$4,000.$ Round your answers to the nearest dollar.

Net worth: $

Net surplus: $