WITHOUT USING CHATGPT

1. 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
   1. 1. Rent for the month=$650
      2. Monthly take home pay=$1950
      3. Cash in chequing account= $450
      4. Savings account balance=$1890
      5. Spending for food=$345
      6. Balance of educational loan=$2160
      7. Current value of automobile=$7800
      8. Telephone bill monthly=$65
      9. Credit card balance=$235
      10. Loan payment=$80
      11. Auto insurance=$230
      12. Household possessions=$3400
      13. Stereo equipment=$2350
      14. Electricity payment= $90
      15. Lunches and parking at work=$180
      16. Donations=$70
      17. Home computer=$1500
      18. Value of stock investment=$860
      19. Clothing purchase=$110
      20. Restaurant spending=$130

PLEASE, NO CHAT GPT