Fill in the blanks

Determine the net surplus or deficit for a recent month using the following information:

Assets

Liquid Assets

Cash $$3000$

Savings $$20,000$

Checkimg Account $$7,000$

Total Liquid Assets $$30,000$

Physical Assets

Home $$200,000$

Personal Property $$10,000$

Total Physical Assets $$210,000$

Investment Assets

$401$k $$40,000$

IRA $$30,000$

Total Investment Assets $$70,000$

Total Assets $$310,000$

Liabilities

Current liabilities

Mortgage $($$$1,800$ a month$)$ $$185,000$

Total Long$-$Term Liablities $$185,000$

Total Liabilities $$195,000$

Monthly Gross Income $$8,500$

Monthly Disposable Income $$6,000$

Monthly Expenses $$7,500$

Net Surplus or Deficit: $($ type your answer here $)$