Question: I'm struggling with picking apart this word problem and figuring out which pieces help find which answer: Paula Sanchez is trying to determine her 2019

I'm struggling with picking apart this word problem and figuring out which pieces help find which answer:

I'm struggling with picking apart this word problem and figuring out whichpieces help find which answer: Paula Sanchez is trying to determine her

Paula Sanchez is trying to determine her 2019 finances. Paula's actual 2018 finances were as follows: Income: Gross income Interest income Total $67,000 440 $ 1,890 Assets: Checking account Savings account Automobile Personal property Total Liabilities: Note to bank Net worth 1,950 14,700 $27,660 $25,100 330 14,800 5,500 $22,160 ($27,660 - $5,500) Living Insurance premium Taxes Medical Investment Total 580 4,000 $44,810 Net worth = Assets Liabilities (own) (owe) Paula believes her gross income will double in 2019 but her interest income will decrease $145. She plans to reduce her 2019 living expenses by one-fourth. Paula's insurance company wrote a letter announcing that her insurance premiums would triple in 2019. Her accountant estimates her taxes will decrease $240 and her medical costs will increase $405. Paula also hopes to cut her investments expenses by one-fifth. Paula's accountant projects that her savings and checking accounts will each double in value. On January 2, 2019, Paula sold her automobile and began to use public transportation. Paula forecasts that her personal property will decrease by one-seventh. She has sent her bank a $380 check to reduce her bank note. a. Could you give Paula an updated list of her 2019 finances? Income: Gross income Interest income Assets: Checking account Total Personal property Total Expenses: Living Insurance premium Note to bank Net worth Taxes Medical Investment Total b. If you round all the way each 2018 and 2019 asset and liability, what will be the difference in Paula's net worth? Total estimated difference

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