3. Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. (LO2.2)

Rent for the month, $650 Spending for food, $345 Savings account balance, $1,890 Current value of automobile, $8,800 Credit card balance, $235 Auto insurance, $230 Monthly take-home salary, $2,185 Cash in checking account, $450 Balance of educational loan, $2,160 Telephone bill paid for month, $65 Loan payment, $80 Household possessions, $3,400 Video equipment, $2,350 Lunches/parking at work, $180 Personal computer, $1,200 Clothing purchase, $110 Payment for electricity, $90 Donations, $160 Value of stock investment, $860 Restaurant spending, $130

a. Total assets $________

b. Total liabilities $________

c. Net worth $________

d. Total cash inflows $________

e. Total cash outflows $________