1. Using the following balance sheet items and amounts, calculate they total liquid assets and total current liabilities:

Money market account $2,600 Medical bills $232

Mortgage $158,000 Checking account $780

Retirement account $86,700 Credit card balance $489

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

Rent for the month, $650	Monthly take-home salary, $1,950
Spending for food, $345	Cash in checking account, $450
Savings account balance, $1,890	Balance of educational loan, $2,160
Current value of automobile, $7,800	Telephone bill paid for month, $65
Credit card balance, $235	Loan payment, $80
Auto insurance, $230	Household possessions, $3,400
Stereo equipment, $2,350	Payment for electricity, $90
Lunches/parking at work, $180	Donations, $70
Home computer, $1,500	Value of stock investment, $860
Clothing purchase, $110	Restaurant spending, $130

a.	Total assets	$
b.	Total liabilities	$
c.	Net worth	$
d.	Total cash inflows	$
e.	Total cash outflows	$