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Construct a balance sheet (segregating in appropriate categories) and find the liquidity and solvency ratios: Visa balance $ 2,150 Mortgage payments $ 6,400 Checking account

Construct a balance sheet (segregating in appropriate categories) and find the liquidity and solvency ratios: Visa balance $ 2,150 Mortgage payments $ 6,400 Checking account $ 800 Payroll tax and withholding $ 7,400 Mortgage balance $142,000 Auto loan balance $ 8,400 Furnishings $ 2,200 Salary $ 49,000 Electronics $ 1,400 Money market $ 1,250 Outstanding bills $ 480 Visa payments $ 2,250 Stock mutual fund $ 6,400 2012 Ford F150 $ 8,200 Food $ 6,400 Home $220,000 Transportation $ 9,800

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