1. Ben has \($2,000\) and \($2,333\) in his checking and savings accounts, respectively. He lives in a dorm room and drives a 2007 Honda Accord four-door Dx with 120,000 miles. He owns the latest Xbox video games and has a high-powered computer and stereo worth

\($2,500\). Other than a \($4,000\) student loan, he is debtfree.

Create a personal financial statement in order to calculate Ben’s net worth. Given that Ben is currently a student, do you have concerns regarding his current net worth? Why or why not? (LO 2-1)