2-4 Preparing a Personal Balance Sheet [LO3] 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. (Omit the "$" sign in your response.) Rent for the month Monthly take-home salary Cash in chequing account Savings account balance Spending for food $ 1,520 4,070 920 Auto insurance Household possessions Stereo equipment 319 3,880 3,290 2,420 Payment for electricity 150 1,260 Lunches/parking at work 194 Balance of educational loan 2,340 Donations 148 Current value of automobile 7,820 Home computer 2,430 Telephone bill paid for month 104 Value of stock investment 1,670 Credit card balance 307 Clothing purchase 146 Loan payment 84 Restaurant spending 145 picture Click here for the Excel Data File Total assets Total liabilities Net worth Total cash inflows Total cash outflows