Question: Net Worth Statement (aka Balance Sheet) Assets Liabilities Home Value - $180,000 Mortgage Balance - $113,000 Auto Value - $10,000 Auto Loan Balance - $8,000

Net Worth Statement (aka Balance Sheet)

Assets Liabilities
Home Value - $180,000 Mortgage Balance - $113,000
Auto Value - $10,000 Auto Loan Balance - $8,000
Money Market - $1,000 Credit Card Balance - $3,400
Checking Balance - $250 Future Loan Balance - $2,800
Retirement Account - $9,000 Student Loan Balance - $11,250
TOTAL $200,250 TOTAL $138,450

Cash Flow Statement (aka Income & Expense Statement)

Income Other Expenses
Paycheck - $2,500 Utility Payment - $290
Overtime - $400 Groceries - $210
TOTAL $2,900 Gas for Auto - $95

Monthly Gym Fee - $50
Expenses Debt Payments Phone - $60
Mortgage Payment - $800 Eating Out - $150
Auto Loan Payment - $350 Car Insurance - $110
Credit Card Payment - $70 Pet Supplies - $40
Furniture Loan Payment - $150 Cable and Internet - $80
Student Loan Payment - $360 Entertainment - $80
Debt Payment SUB TOTAL $1,730 Clothes - $60

Charitable Contribution - $10
Other Expenses SUB TOTAL $1,235
TOTAL Expenses $2,965

What is the Net Worth? (Refer to the Net Worth and Cash Flow statements above)

Group of answer choices

$-61,800.

$162,150.

$138,450.

$61,800.

None of these.

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