Question: Please create a statement of changes in net worth for this sheet. Given the following information, develop a beginning-of-the-year statement of financial position. Beginning date

Please create a statement of changes in net worth for this sheet.

Please create a statement of changes in net worth for this sheet.

Given the following information, develop a beginning-of-the-year statement of financial position. Beginning date End date Client name Section 401(k) plan deferrals Section 401(k) plan-Frank Section 403(b) plan deferrrals Section 403(b) plan-Lois Auto loan Auto loan interest Auto loan principal Auto maintenance Automobile-Frank Automobile-Lois Automobile insurance premiums Checking Child support Clothing Credit card Credit card payments interest Credit card payments principal Entertainment FICA and federal income tax (W/H) Food Furniture/household Go-cart Homeowners insurance premiums Jewelry Maid/child care Mortgage on residence Mortgage payment interest Mortgage payment principal. Personal residence Property tax (prindpal residence) Reinvestment in savings account/trust Salary-Frank Salary-Lois Savings Savings account/trust fund interest Trust fund Tuition and education expenses Utilities January 1, December 31, 2015 Frank and Lois Beginnin Balance $0 $0 $15,432 $20,000 $5,750 $10,000 $10,870 $36,000 $0 $6,000 $72,960 $85,000 $13,500 $100,00 Ending Income/Expenses Amount (Yearly) Balance $750 $1,500 $990 $10,436 $18,000 $5,175 $15,570 $10,417 $34,000 $1,200 $6,100 $72,164 $89,250 $14,175 $105,000 $990 $381 $4,996 $600 $2,124 $2,400 $3,600 $1,707 $453 $4,200 $11,449 $4,800 $534 $4,800 $5,808 $796 $850 $5,675 $25,000 $33,000 $5,675 $2,893 $2,100

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