Use the following financial data to prepare a comparative net worthassessment:

YEAR I YEAR 2 YEAR 3 Assets Residence Stocks and bonds Automobiles $50,000 10,000 15,000 5,000 $50,000 10,000 15,000 8,000 $200,000 10,000 Liabilities Mortgage balace 40 Auto loan Student loans 40,000 8,000 10,000 30,000 5,000 8,000 30,000 35,000 40,000 1000 1,000 Expenses: Mortgage payments Car payments Student loan payments Other living $5,000 1,000 5,000 1,000 1,000 15,000 15,000 20,000 Total living $23,000