2 ok aces Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flows Rent for the month Cash in checking account. Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase $1,240 Monthly take hose salary 900 Savings account balance 1,230 Balance of educational loan 8,340 Telephone bill paid for month 259 Loan payment 235 Household possessions, 2,940 Payment for electricity 227 Donations 2,330 Value of stock investment 149 Restaurant spending $3,750 2,710 3,100 92 154 3,940 146 126 560 151 Balance Sheet and Cash Flows Total assets Total liabilities: Net worth Total cash inflows Total cash outflows e