4. Personal balance sheet Ahmed and Sana Mohamed have been married for over 10 years. They both have good jobs with consistent incomes, and they are good savers. They believe that their financial picture is good, but they have never prepared a balance sheet. Ahmed and Sana pulled together the following items from bank statements, pay stubs, and bills. Check the items that would appear on a balance sheet. Do not be concerned about whether the amounts are correct. Check all that apply IRA investments $ 6,400 Unpaid electric bill 525 5,100 1,000 250 350,000 291,500 2,650 5,250 12,750 250 500 AAA Bank mutual fund Auto: 2010 suburban (cost) D3 Auto: 2007 Honda Pilot (cost) Eg Auto loan balance (last payment) X Life Insurance (cash value) 5,350 24.200 21,000 Balance due on Master Card Balance due on visa credit card 1,125 Primary home 10,200 Primary home mortgage 36,000 45,000 Sana's diamond earrings Bonds City Bank-checking Cash Balance due on American Express Unpaid property taxes x City Bank-savings 300 45,000 Unpaid telephone bill Stocks X Ahmed's salary Amount paid last month for telephone 2,025 credit card In addition, the Mohamed's provided the following information: .Based on comparable homes listed for sale in their neighborhood, the Mohamed's believe that their home value is about 8% more than what they paid for it. .The principal portion of their mortgage payments is approximately $950 per month . A reliable jeweler said that Sana's diamond earrings could be sold at the value provided * After looking at Kelley Blue Book, they believe their cars can be sold for about 55% of original cost. Use this information to fill in the missing amounts on Ahmed and Sana's balance sheet. You can use what you checked above to make sure you accounted for everything Note: Some amounts are given to check your work. Round your percent to the one decimal place. Balance Sheet Name: Ahmed and Sana Mohamed Date: December 31, 2017 Dollars Percent ASSETS Monetary Assets Total monetary assets Tangible Assets Total tangible assets Investment Assets Total investment assets (1) Total Assets 100.0% LIABILITIES Short-Term Liabilities Current portion of mortgage Credit card debt Property taxes Auto loan Electric bill Telephone bill Total short-term liabilities Long-Term Liabilities Long-term portion of mortgage Total long-term liabilities (2) Total Liabilities Net Worth (1) (2) Total Liabilities and Net Worth $229,885 43.4% 100.0%