13. An increase in the value of a home is called a) Appreciation b) Depreciation c) Amortization d) Equity 14. The following information is obtained from your income statement: .....$20,000 Taxes.......... .......$2,000 Expenses... .......$8,000 Calculate: a) Surplus/deficit b) the saving ratio Salary......... 15. The following data included in your balance sheet: Current assets. .................$4,500 Fixed/long term assets...................... $15,500 Current liabilities/short term liabilities........ $1,500 Long-term liabilities....... ....$7,000 Calculate: a) Your net worth b) Total assets, c) Total liabilities 16. From the data in problem 14 calculate: a) The solvency ratio, b) The liquidity ratio. 17. Write in a more detailed the proper format including the components of your Income Statement 18. Write in a more detail the proper form including the items that define your balance sheet