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a ) Richard has complied a list of he and his wilf's assets so that a balance sheet can be constructed. Thelr assels Include a

a) Richard has complied a list of he and his wilf's assets so that a balance sheet can be
constructed. Thelr assels Include a home worth $300,000(which silll has a $130,000
mortgage), approximately $350,000 in securtiles, a money market fund of $2,000, two cars
worth $40,000(wlth loans of $15,000 agalnst them) and other assels including Jewelry
(worth $5,000), art ($5,000) and furniture ($7,000). In addition, Richard has a bonus due of
$5,000(net of taxes) and credtt card payments due of $12,000. Construct a balance sheet
for Richard and Monica.
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