Question: For Jim and Carrie, the changes in net worth for the year ended December 31, 2008, are shown below. Required a. Prepare a statement of

For Jim and Carrie, the changes in net worth for the year ended December 31, 2008, are shown below.

Realized increases in net worth: Salary Interest income Realized decreases in net worth: Income taxes Interest expense $ 50,000 6,000 15,000 3,000 Required

a. Prepare a statement of changes in net worth for the year ended December 31, 2008.

b. Comment on the statement of changes in net worth.

Realized increases in net worth: Salary Interest income Realized decreases in net worth: Income taxes Interest expense $ 50,000 6,000 15,000 3,000

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