Charlotte owns an auto valued at $8,000, cash of $2000 and a checking account of $2500. She also has credit card debt of $1800, an electric bill of $100. Draw her balance sheet and calculate her initial new worth. For the following transactions show the changes on her balance sheet and state the change in her net worth. For each part, note whether the transaction includes savings. a) Charlotte buys a ring worth $5000 using her credit card. b) Candice writes a check to pay off her entire credit card balance (ignoring transaction in part a) c) Candice notices her car has a dent in the fender which cuts its value by $500. (ignoring transactions in part a and part b)