Eric Smith, owner of Erics Factories, asks you to help him find out how much his business is worth. From a discussion with him, you find out the following facts: - His bank balance is $800. - He has $500 in a savings account. - He owns a building valued at $85 000 which has a mortgage on it of $24 000. - He owns an automobile that he bought for $6 200, and still owes Ace Finance $1800 for it. - He owns a plot of land valued at $30 000, which he bought with money borrowed from the bank. Since the time of purchase he has paid $7 000 of the loan. - He has unpaid bills owing to S. Lamb amounting to $3 000. - He owes his father, A. Smith, the sum of $10 000, which he borrowed interest free several years ago at the time he started his business. - He owns furniture valued at $6 000. Prepare a personal balance sheet for Eric Smith dated June 1, 2021 (10 marks).