5 Question 1 Use the following items to determine the total assets, total liabilities, net worth, total cash inows, and total cash outows. Rent for the month, $650 Spending for food, $345 Savings account balance, $1,890 Current value of automobile, $2,800 Credit card balance, $235 Auto insurance, $230 Stereo equipment, $2,350 Luncheslparkjng at work, $180 Home computer, $1,500 Clothing purchase, $1 10 Monthly takehome salary, $1 ,950 Cash in checking account, $450 Balance of educational loan, $2,160 Telephone bill paid for month, $65 Loan payment, $80 Household possessions, $3,400 Payment for electricity, $90 Donations, $310 Value of stoclt investment, $860 Restaurant spending, $130