Question: Using the data below prepare a balance sheet and cash flow statement. Determine the total asset, total liabilities, net worth, total cash inflow, and total

Using the data below prepare a balance sheet and cash flow statement. Determine the total asset, total liabilities, net worth, total cash inflow, and total outflowi. Rent for the month=$650ii. Monthly take home pay=$1950iii. Cash in chequing account= $450iv. Savings account balance=$1890v. Spending for food=$345vi. Balance of educational loan=$2160vii. Current value of automobile=$7800viii. Telephone bill monthly=$65ix. Credit card balance=$235x. Loan payment=$80xi. Auto insurance=$230xii. Household possessions=$3400xiii. Stereo equipment=$2350xiv. Electricity payment= $90xv. Lunches and parking at work=$180xvi. Donations=$70xvii. Home computer=$1500xviii. Value of stock investment=$860xix. Clothing purchase=$110xx. Restaurant spending=$130

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