|Instructions: You are preparing the financial statements for the Johnson family To begin with you just want to identify each line and indicate where it will be going (e.g. Balance Sheet, Income Statement) Just write Balance Sheet and or Income statement next to each line. Home Value $549,000 Joint Savings balance $5,400 Tom's 2014 Salary Before Taxes was $78,000 Kate's 2014 Salary Before Taxes was $84,000 Fed income taxes, state income taxes and FICA combined totaled $46,120 (paid) 2014 property taxes were $14,000 (paid) Mortgage $300,000 House Payment plus insurance per month $2400 Kate bought Microsoft stock in 2012 and they still own it. It's worth $40,0000 Tom's 401k at work has several mutual funds worth a total of $120,000 Tom has a 2002 VW GTI worth about $3,000 Kate has a 2013 Audi S6 worth about $35,000 Car loan on Audi totals is $25,000 Car Payment is $1583 Car insurance for 2014 was $2000 (paid) Credit Card Balance $4,000 Tom's monthly contribution o his 401k is $1,000 Joint Checing account balance $1,200