Jack and Hilda Gibson, Net Worth Analysis Assignment Assignment: Jack Gibson does bookkeeping for several companies in Driggs, Idaho. He keeps the books for a plumbing contractor, a local hardware and building supply store as well as several well- -do clients such as the local doctors and owners of organic food store. 1. What is Jack and Gilda's Simple Net worth as of 12/31/2019? (Jack's income: $190,000; Gilda's incom he is $75,000) 2. Use the templates provided and the indirect method of net worth analysis to determe whether Jack and Gilda have received money from Ilegitimate sources, if so, how much? 3. How might they defend themselves from a charge of having money from llegitimate sources? 4. Explain how you arive at your family expenditure number Balance as of Interest Earned 2019 12/31/2018 $20,200.00 $0.00 Balance as of 12/31/2019 Bank CitiBank Wells Fargo Bank Chase Bank Bank of America Chicago City Bank $7,892.00 $15,678.00 $0.00 $12,789.00 50.00 $450.00 $256.00 $128.00 $2,562.00 $4,590.00 $3,679.00 $202.00 $154.00 Added to account Market Value as Account Number of 12/31/2018 Market Value as of during 019 by Gibsons $10,251.40 $5,206.70 Investments: TD Ameritrade (trading portfolio) Edward Jones (Money Market Fund) 12/31/2019 $45,621.00 $15,250.00 974 $65,892.00 $38,754.00 2365 Property owned: Market Value as of 12/31/2018 $545,000.00 Market Value as of 12/31/2019 Rental Income Address 41 State Line Road, Driggs, ID 256 Northshore Drive #4500, Chicago, IL 385 Little Ave., Driggs, ID (rental) 152 Barnes Street, Tetonia, ID (farm) 200 Valley