With the information below, balance sheet and a cash flow statement for Mr. Clayton is wanted. What
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Monthly take-home salary, $6,250
Part-time average monthly salary, $480
Value of furniture and house content, $120,000
Home maintenance and repairs, $100
Cash in chequing account, $2,500
Savings account balance, $7,370
Monthly Spending on grocery, $360
Value of car, $18,500
Monthly payment on credit card, $85
Restaurant spending, $140
Lunch & parking, $220
Mortgage outstanding, $163,000
Electronic equipment $9,500
Car loan outstanding, $12,000
Monthly Home and Auto insurance, $245
Monthly payment on car loan, $310
Value of house, $255,000
Mortgage & Property tax payment, $ 1,900
Gas and car maintenance, $150
Credit card balance, $6,300
Average monthly phone bill, $107
Average monthly Electricity bill, $235
Monthly charitable donation, $300
Clothing purchase (monthly), $120
Value of Stock investment, $38,500
Monthly Entertainment, $120
Monthly Social Club dues $65
Miscellaneous expenses $180
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