Question: Jack Plummer, a factory worker, asks you to help him find out how much he is worth. From a discussion with him, you find out

Jack Plummer, a factory worker, asks you to help him find out how much he is worth. From a discussion with him, you find out the following facts:
1. His cash on hand is $800.
2. He owns Canada Savings Bonds worth $500.
3. He owns a home valued at $85000 which has a mortgage on it of $24000.
4. He owns an automobile that he bought for $6200, and still owes Ace Finance $1800 for it.
5. He owns a summer property valued at $30000, which he bought with money borrowed from the bank. Since the time of purchase he has paid $7000 of the loan.
6. He has unpaid bills amounting to $3000.
7. He owes his father, M. Plummer, the sum of $10000, which he borrowed interest free several years ago at the time he bought his home.
8. He owns furniture valued at $6000

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