The following items, arranged alphabetically, belong to either the income statement or the balance sheet. Put them in their correct place and then construct each statement.
(You must also calculate net worth and contribution to savings.)

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$14,000 Jewelry Car (2006 Ford) Car loan payments Cash value of life insurance Coins and currency Credit card balances due Federal income taxes withheld from wages Food and household supplies Gas and electric expenses Gifts Hobbies and collections Installment loan balances due in one year Interest 1,200 2,000 300 500 4,000 6,000 2,200 Mortgage loan on residence Mortgage payments Property and liability insurance Real estate taxes Residence Telephone Theater and sporting events 850 60,000 6,200 300 1,200 80,000 240 700 1,100 1,600 700 26,000 400 Tuition 650 US. Series EE bonds Unpaid bills Wages and salaries 1,200 700