Required

Applying the net worth method to the details given, estimate the amount of the possible embezzlement by the suspect in 2018 and 2019.
 

Use the following facts and circumstances relating to one of the suspects in the Swift Air case to calculate the change in net worth for 2017, 2018 and 2019. 1. According to the Miami courthouse records, the subject owns a residence at 3511 Northern Drive and paid $250,000 in 2007. 2. Brokerage statements indicated stock ownership in three companies: a) Apple Inc stock, with an original cost of S15,000 (owned in 2017 only). b) $30,000 in Microsoft stock (purchased in 2018). c) $125,000 in Pfizer stock (purchased in 2019). 3. A credit card application found during the execution of a search warrant indicates that in 2017 and 2018, the subject owned two vehicles. Information from an interview with the subject indicates that both vehicles were sold in 2019. a) Chevy Truck (purchase price $32,000). b) Used Toyota Camry (purchase price S10,000). c) The application indicated that as of July 1, 2017, $24,600 was owed on the truck and S14,100 on a home equity loan, a portion of which was believed to have been used to purchase the car. Payments to principal were about S$100 per month for each loan plus interest. 4. According to other courthouse records and a loan application obtained via subpoena from Baxter's Boats and Jet Skis, the suspect owns a ski boat that was purchased in 2016 for $52,500. The boat loan was not listed on the credit card application noted above, but Baxter's records helped estimate the December 31, 2017, loan at about $21,000, with payments to principal of about $200 per month plus interest.