Corey has a mountain bike worth $$600,$ a credit card debt of $$450,$$$260$ in cash, a Sandy Koufax baseball card worth $$1,000,$$$1,500$

in a checking account, and an electric bill due for $$550.$

a$.$ Construct Corey's balance sheet on your own and calculate his net worth.

Instructions: Enter your responses as whole numbers.

Corey's net worth: $

For parts b through d$,$ explain how the event affects Corey's assets, liabilities, and wealth.

b$.$ Corey goes to a baseball card convention and finds out that his baseball card is a worthless forgery.

Instructions: Enter your responses as integer values.

Assets

$]$ and equal $

Liabilities remain unchanc ${?}^{vv}$ and equal $

Wealth

$|$ and equals $

c$.$ Corey uses $$450$ from his paycheck to pay off his credit card balance. The remainder of his paycheck is spent in a way that does not

impact his balance sheet.

Instructions: Enter your responses as integer values.

Assets

and equal $$1860.$

Liabilities

$7$ and equal $

Wealth $[$

and equals $

d$.$ Corey writes a $$450$ check on his checking account to pay off his credit card balance.

Instructions: Enter your responses as integer values.

Of the events in the previous three parts, which, if any, corresponds to saving on Corey's part?

Part $[$

corresponds to saving.