Help with completing this personal balance sheet
112900 13.900 Total assets: Total liabilities: Net worth: PREPARING A PERSONAL BALANCE SHEET Use the following items to prepare a balarn (example on pg. 96). Determine total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Staple the balance sheet and cash flow statement to back of this sheet. Rent for the month, $650 Loan payment, $8o Auto insurance, $230 Household possessions, $3,400 Donations, s7o Stereo equipment, $2,350 Payment for electricity, $go Lunches/parking at work, $18o Restaurant spending, $130 Home computer, $1,500 Value of stock investment, s860 Clothing purchase, $110 Monthly take-home salary, $1,950 Cash in checking account, $450 Savings account balance, $1,8g0 Spending for food, $345 Balance of educational loan, s2,160 Current value of automobile, $7,800o Telephone bill paid for month, $65 Credit card balance, $235 Total assets Total liabilities: Total cash inflows: Total cash outflows: Net worth: NAME: 112900 13.900 Total assets: Total liabilities: Net worth: PREPARING A PERSONAL BALANCE SHEET Use the following items to prepare a balarn (example on pg. 96). Determine total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Staple the balance sheet and cash flow statement to back of this sheet. Rent for the month, $650 Loan payment, $8o Auto insurance, $230 Household possessions, $3,400 Donations, s7o Stereo equipment, $2,350 Payment for electricity, $go Lunches/parking at work, $18o Restaurant spending, $130 Home computer, $1,500 Value of stock investment, s860 Clothing purchase, $110 Monthly take-home salary, $1,950 Cash in checking account, $450 Savings account balance, $1,8g0 Spending for food, $345 Balance of educational loan, s2,160 Current value of automobile, $7,800o Telephone bill paid for month, $65 Credit card balance, $235 Total assets Total liabilities: Total cash inflows: Total cash outflows: Net worth: NAME