FAM/CEF/FFC 251 Name:\ Balance Sheet\ Develop Johns balance sheet as of January 06, 2024.\ Asset Liability = Net Worth\ Asset:\ Monetary asset (e.g., checking account, cash)\ Tangible asset (e.g., car, computer)\ Investment asset (e.g., stocks)\ Liability:\ Short-term liability (paid off = < 1 year)\ Long-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 as of January 06, 2024