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.

1.	Auto: 2010 Suburban (cost) 23,000
2.	Auto: 2007 Honda Pilot (cost) 20,000
3.	Ahmeds salary 45,000
4.	Balance due on American Express credit card 1,519
5.	Balance due on Master Card 731
6.	Balance due on Visa credit card 169
7.	Primary home 320,000
8.	Sanas diamond earrings 5,000
9.	The total balance remaining on their mortgage is 266,667
10.	Amount paid last month for a telephone is 500

In addition, the Mohameds provided the following information:

	Based on comparable homes listed for sale in their neighborhood, the Mohameds 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 Sanas 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 Sanas 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
ASSETS
Monetary Assets
Cash on hand	250
Savings account	37,500
Checking account	30,000
Total monetary assets	$67,750
Tangible Assets
Home
Automobiles
Personal property
Total tangible assets	$
Investment Assets
Mutual funds	5,670
Stocks	13,500
Bonds	10,800
Life insurance cash value	5,400
IRAs	6,750
Total investment assets	$
(1) Total Assets	$
LIABILITIES
Short-Term Liabilities
Current portion of mortgage
Credit card debt
Property taxes	2,400
Auto loan	844
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	$