Denise Fishers banker has requested a personal balance sheet in support of her application for a home improvement loan. She has made the following list of her assets and liabilities as of 12/31/21:

She has $70 cash on hand.

She has $200 in her checking account.

She has $1,650 in a money market deposit account with Southwest Savings.

She paid $20,000 on a Honda Civic a few years ago. It is now worth $15,000 and the outstanding loan balance is $13,000.

She spent $5,000 on clothing and furniture. While she owes $3,500 on the clothing and furniture loans, she estimates the personal property to be worth $1,950.

She bought a condo for $160,000. While the condos value is now $168,000, she still owes $152,000 on the condo mortgage.

She has $500 invested in US savings bonds and has stock of Harvestor Corp. worth $3,000.

She has current unpaid monthly bills outstanding of $1,300.

Complete Worksheet 2.1. Determine her net worth and compute her solvency ratio.

ASSETS LIABILITIES $ $ Liquid Assets Cash on hand In checking Savings accounts Money market funds and deposits Certificates of deposit (1 yr. to maturity) Mutual funds $ Real estate Retirement funds, IRA Other Total Investments Real Property Total Current Liabilities Long-Term Liabilities Primary residence mortgage Second home mortgage $ $ $ $ Total Investments Real Property Primary residence Second home Other Total Real Property Personal Property Auto(s): Auto(s): Recreational vehicles Household furnishing Jewelry and artwork Other Other Total Personal Property mortgage Second home mortgage Real estate investment mortgage Auto loans Appliance/furniture loans Home improvement loans Single-payment loans Education loans $ $ Margin loans Other long-term loans Total Long-Term Liabilities $ (11) Total Liabilities $ $ Net Worth (1) - (11)] $ (1)Total Assets $ Total Liabilities and Net Worth $