Alex and Angela Sample Balance Sheet As of December 31, 20XX Assets Liquid Assets 12 Checking account $ 25,000 Money market fund 40,000 Life Insurance cash value 22,000 $ 87,000 Investment Assets AT&T Stock $ 140,000 GM Bonds 210,000 Mutual Funds 78,000 401(k) 401(k) 149,000 Roth IRA 12,000 847,000 $ Real Estate and Personal Possessions Residence 375,000 Vacation home 250,000 SUV 40,000 Sedan 26,250 Jewelry 25,000 25,000 Jewelry 175,000 Household Items $ 891,250 $ 1,825,250 Total Assets Liabilities Current Liabilities Chase credit ard HSBC credit card Long-term Liabilities SUV loan Sedan loan Student loan Mortgage on residence Mortgage on vacation home Total Liabilities $ 1,375,950 Net Worth Total Liabilities and Net Worth Long-term Liabilities SUV loan Sedan loan Student loan Mortgage on residence Mortgage on vacation home Total Liabilities Net Worth $ 1,375,950 Total Liabilities and Net Worth Calculate the missing values for the highlighted items in the balance sheet A 401(k) Total Liabilities 2 3 Total Liabilities and Net Worth