Question: Show all working please. Any incorrect or spammed answers will result in the user getting reported and down voted While all correct answers will be

Show all working please. Any incorrect or
spammed answers will result in the user
getting reported and down voted
While all correct answers will be upvoted.
The QUESTION being ASKED IS #4
Show all working please. Any incorrect or spammed
Show all working please. Any incorrect or spammed
The results of the private investigator's (PI) work provided further bad news. The investigator began by sourcing information on Louis property holdings. The investigations reveal that in 2018 Louis had a modest property that he purchased for $180,000. He had a mortgage on that same property in the amount of $160,000. Other public records indicated that Louis owns a property that cost $540,000 and the balance on the mortgage was $368,000 in 2019. The investigator further discovered that in 2018, Louis had a car that cost $18,000 and there was a loan taken out for that car in the amount of $11,000. Louis also had $22,000 in savings with Industrial Savings Bank in 2018 and one year later, had $40,000 in savings at Industrial Savings Bank. He also has a credit card with Industrial Savings and had paid $7,500 to the bank for credit card payments in 2019. The car he currently drives cost $92,000 and the balance of the loan on that car was $53,100 in 2019. Louis's salary in 2019 included a salary of $101,300 and extra income from doing side jobs in the amount of $13,600. His living expenses have been estimated at $67,300 in 2019. By 2020, Louis had savings of $66,000 and had made credit card payments in the amount of $10,160 in that same year. He still owned the same property but the balance on the mortgage was now $292,000. He still drove the same vehicle but the loan on the vehicle was now $31,400. Louis bought a piece of land that cost $92,000 and a motorcycle that cost $10,000 in 2020. He also took his family on a trip to Jamaica at a cost of $40,000. His compensation for 2020 included a salary of $113,000 with extra income of $28,000. His living expenses were estimated at $ 74,900. 4 Using the Net Worth Method, estimate the amount of the embezzlement by Louis Litt in 2019 and 2020. (14 marks)

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