Question: Using the information given below, please attempt the questions. You can refer the attached power point presentation too. Using the data below prepare a balance

Using the information given below, please attempt the questions. You can refer the attached power point presentation too. Using the data below prepare a balance sheet and cash flow statement. Determine the total asset, total liabilities, net worth, total cash inflow, total cash outflow and the net cash flow Rent for the month=$650 Monthly take home pay=$1950 Cash in chequing account= $450 Savings account balance=$1890 Spending for food=$345 Balance of educational loan=$2160 Current value of automobile=$7800 Telephone bill monthly=$65 Credit card balance=$235 Loan payment=$80 Auto insurance=$230 Household possessions=$3400 Stereo equipment=$2350 Electricity payment= $90 Lunches and parking at work=$180 Donations=$70 Home computer=$1500 Value of stock investment=$860 Clothing purchase=$110 Restaurant spending=$130

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