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Use Worksheet 2.1 Katie Wright's banker has asked her to submit a personal balance sheet a She comes to you for help in preparing it. So far, she has made the following list of her assets $ 70 180 720 Cash on hand Balance in checking account Balance in money market deposit account with Southwest Savings Bills outstanding: Telephone Electricity $ $ 20 70 190 Charge account balance 180 Visa MasterCard 220 400 Taxes 220 $1,300 Insurance Condo and property Condo mortgage loan Automobile: 2016 Honda Civic Installment loan balances: 71,000 55,000 12,000 3,000 Auto loans Furniture loan Personal property: 500 3,500 Furniture 1,050 900 1,950 Clothing Investments: U.S. government savings bonds 500 Apple Stock 3,000 3,500 From the data given, prepare Katie Wright's balance sheet, dated June 30, 2020 (follow the balance sheet form shown in Worksheet 2.1). Then evaluate her balance sheet relative to the following factors: () solvency. (b) Tiquidity, and (c) equity in her dominant asset. Name(s): Katie Wright Assets Liquid assets Cash on hand To checking Savings accounts Money Market funds and deposits Balance Sheet Datet 30-Jun-20 Liabilities and Net Worth Current liabilities: Utilities Rent Insurance premiums Taxes Medical/dental bills Repair bils Certificates of deposit