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 $6,750 AAA Bank mutual fund 5,670 Auto: 2010 Suburban (cost) 23,000 Auto: 2007 Honda Pilot (cost) 20,000 Auto loan baiance (last payment) 844 Bonds 10,800 City Bank-checking 30,000 Cty Bank-5avings 37,500 Cosh 250 Mhmed's salary 45,000 Balance due on Amencan Express credit card 1,519 Unpald electric bil $394 Hie Insurance (cash value) 5,400 Balance due on Master Card 731 Balance due on Master Card 731 Balance due on Visa credit card 169 Primary home 320,000 Primary home mortgage 266,667 Unpaid property taxes 2,400 Sana's diamond earrings 5,000 Stocks 13,500 Unpaid telephone bill 169 Amount paid last month for telephone 500 In addition, the Mohamed's provided the following information: - Based on comparable homes tisted for sole in their nelghborhood, 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 $889 per month. - A reliable jeweler said that Sana's diamond earrings could be sold at the value provided. - After looking at Keliey 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. Balance Sheet Name: Ahmed and Sana Mohamed Date: December 31, 2017 Dollars Percent ASSETS Monetary Assets \begin{tabular}{lr} Cash on hand & 250 \\ CheckingaccountSavingsaccount & 37,500 \\ \hline Total monetary assets & 30,000 \\ \hline \end{tabular} % Tangible Assets % \begin{tabular}{l} Home \\ \hline Automobiles \\ \hline Personal property \\ Total tangible assets \\ Investment Assets \end{tabular} % % Investment Assets StocksMutualfunds LifeinsurancecashvalueBonds Total investment assets (1) Total Assets LIABILITIES LIABILITIES Short-Term Liabilities \begin{tabular}{lr|} Current portion of mortgage & \\ Credit card debt & 2,419 \\ Property taxes & 2,400 \\ Auto loan & 844 \\ Electric bill & 394 \\ Telephone bill & 169 \\ Total short-term liabilities & \\ \hline \end{tabular} % % % % % % Long-Term Liabilities % Long-term portion of mortgage Total long-term liabilities (2) Total Liabilities Net Worth (1) - (2) Total Liabilities and Net Worth