Hello I need help with this assignment :)

One tool that is used to measure your financial performance is your balance sheet. After reading the chapter and examining the completed sample balance sheet( worksheet 2.1) on page 31, create your own balance sheet. Think about all the things of value that you own as well as all the debts that you owe, I have also attached a copy of the sample worksheet (page 31) here for your convenience.

View Assessment * *Homework Help - Q&A from Onl x 3 Worksheet 2.1.pdf X X C @ File | C:/Users/rodeleo/Downloads/Worksheet%202.1.pdf E Worksheet 2.1.pdf 1 /1 100% + WORKSHEET 2.1 BALANCE SHEET FOR JACK AND LILY TAYLOR balance sheet is set up to show what you own on one side (your assets) and how you paid for them on the other (your debt or net worth). As you can see, the Taylors have more assets than liabilities. BALANCE SHEET Name(s) Jack and Lily Taylor Date December 31, 2020 ASSETS LIABILITIES Liquid Assets Current Liabilities Cash on hand Utilities In checking Rent Savings accounts Insurance premiums Money market Taxes funds and deposits Medical/dental bills Certificates of deposit Repair bills Total Liquid Assets Bank credit card balances Dept. store credit card Investments Stocks Travel and entertainment Bonds card balances Certificates of deposit Gas and other credit card Mutual funds balances Real estate Bank line of credit Retirement funds, IRA balances Other Other current liabilities Total Investments $ 11.000 Total Current Liabilities $ 1,070 Real Property Long-Term Liabilities Primary residence Primary residence mortgage $160.000 $225,000 Second home mortgage Second home Other Real estate investment mortgage" Total Real Property $ 225,000 Auto loans Personal Property Appliance/furniture loans Home improvement loans Autols): 13 Toyota Corolla $ 10,600 Auto(s):41 Ford Focus Single-payment loans tional vehicles Education loans Household furnishings Margin Toostorm Jewelry and artwork Other long-term loans ( from Other Other Total Long-Term Liabilities $ 173.950 Total Personal Property (ll) Total Liabilities RR,500 (1)Total Assets $ 260,7-85 Net Worth [(1) - (10)] $ 86,765 Total Liabilities and Net Worth $ 260.785 consumer installment loans, education loans, and margin loans used to purchase securities. Go to Smart Sites Although most loans will fall into the category of What's the fair market value of your car? The personal long-term liabilities, any loans, or any portion thereof, watercraft your uncle gave you? MindTap includes "Smart that come due within a year should be shown as Sites," a list of resources and sites that offer additional current liabilities. Examples of short-term loans include a six-month, single-payment bank loan, and a nine- information on topics in the PFIN text. month consumer installment loan for a refrigerator. 32 PART ONE: Foundations of Financial Planning Worksheet 2.1.pdf 3: Chap 2 Balance Sh.x/sx Worksheet 2.1 - O..pdf Show all XPage 1 of 1 Balance Sheet Liquid Assets Current Liabilities Cash on hand Utilities In checking Rent Saving accounts Insurance premiums Money market funds and deposits Taxes Certificates of deposit Medical/dental bills Total Liquid Assets S Repair bills Bank credit card balances Dept. store credit card balances Travel and entertainment card Investments balance Stocks Gas and other credit card balances Bonds Bank Line of credit balance Certificate of deposit Other current liabilities Mutual funds Total Current Liabilities S Real estate Retirement funds, IRA Long-Term Liabilities Othe Primary residence mortgage Total Investments S Second home mortgage Real estate investment mortgage Real Property Auto loans Primary residence Appliance/furniture loans second home Home improvement loans other Single-payment loans Total Investments Education loans Margin loans used to purchase securities Other long-term loans (from Personal Property parents) Auto(s) Total Long-Term Liabilities |Auto(s) (11) Total Liabilities Recreational vehicles Household furnishings Net Worth [(1)-(01)] Jewelry and artwork Other Total Liabilities and Net Worth Other Total Personal Property (1) Total Assets $