Categorize Bill Carsons financial data as one of the following. Bill pays all his expenses on time so nothing is overdue. However, he does currently have one credit card with an outstanding balance that he is paying off monthly. (Some of the labels will be used more than once, and some of the financial data will require more than one label.)

Liquid asset	Long-term liability
Investment asset	Cash inflow (income)
Personal use asset	Cash outflow (expense)
Short-term liability

Home mortgage balance
Credit card balance
Checking account balance
Home furnishings
Utilities
Bill's salary
Investment Income
Property tax