Check my work 2 Problem 3-3 Preparing a Personal Balance Sheet [LO3-2) nts eBook Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flows Rent for the month $ 650 Monthly take-home salary $1,950 Cash in checking account 450 Savings account balance 1.890 Spending for food 345 Balance of educational loan 2,160 Current value of automobile 7,800 Telephone bill paid for month 65 Credit card balance 235 Loan payment 8 Auto insurance 230 Household possessions 3,400 Stereo equipment 2,350 Payment for electricity 90 Lunches/parking at work 180 Donations 70 Home computer 1,500 Value of stock investment Clothing purchase 110 Restaurant spending 130 References 860 Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows