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Budgeting & Net Worth Assignment ( / 4 6 ) You are the financial advisor for Kelly Walker. She has come to you seeking financial

Budgeting & Net Worth Assignment (/46)
You are the financial advisor for Kelly Walker. She has come to you seeking financial advice based on her current financial situation. She has a few financial goals that she would like to achieve and is needing some understanding and direction. As her financial advisor, it is your responsibility to give her proper financial advice and in order to do so, you will need to understand her current net worth, budget, tax situation, and investment goals. Using the information below, please answer the questions. Be sure to answer each question in full. If you think that any information is missing, do not hesitate to contact me.
Financial Details for Kelly Walker
Chequing Account Balance - $2,450
Market Value of Home - $317,000
Personal Possessions - $19,500
TFSA mutual funds - $16,200
Credit Card Balance - $7,500, full balance owed at the end of the month
Student Loan - $16,500
Monthly Parking Fee - $35
Monthly Mortgage Payment - $1,840
Monthly Life Insurance Payment - $45
Monthly Utilities Payment - $200
Monthly Groceries - $500
Monthly Personal Care Expenses - $100
Monthly Student Loan Payment - $250
Monthly Credit Card Payment - $125(monthly interest only payment)
Savings Account Balance - $10,250
Market Value of Automobiles - $67,000
Non-registered GICs - $18,000
Car Loan - $14,400,4 years remaining
Mortgage - $234,000,18 years remaining
Monthly Car Loan Payment - $385
Annual Property Taxes - $3,000
Monthly Car Insurance Payment- $90
Monthly Phone & Internet Payment $100
Monthly Clothing expenses - $100
Monthly Gifts & Donations - $50
Annual Net Salary - $52,800
Annual Gross Salary - $81,000
Complete a balance sheet for Kelly and answer the questions below. Be sure to separate the assets and liabilities into their property category in her balance sheet. For example,
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