It isn't just the preparation of a balance sheet but the interpretation of the data that can reveal a family's financial condition, Mark and Pam Sigo are both age 44. Using data from the 2012 Federal Reserve Bulletin (shown) and the Sigos' balance sheet, what conclusions can you draw? $260,000- $240,000- $220,000- $216,800 $206,700 $200,000- $179,400 $180,000- $160,000- $140,000- $120,000- $100,000- $80,000- $60,000- $42,100 $40,000- $20,000- $9,300 $0 Less than 35 35-44 45-54 55-64 65-74 75 or more Age Sourcer Jessie Ericker et al., "Changes in U.S. Family Finances from 2007 to 2010: Evidence from the survey of Consumer Finances Federal Reserve Bulletin 98. no. 2 (June 2012): 17. http://www.federsireserve.cn/pubs/Bulletin/2012/articles/sch/sef.hem. With their balance sheet in place, Mark and Pam can compare their total liabilities to their total assets to generate a more realistic view of their current wealth position. The Federal Reserve Bulletin provides data on median net worth, broken down by age brackets. Based on the Federal Reserve Bulletin data, the Sigos are the median net worth for their age group. Their would be considered their dominant asset. Based on their liabilities, it C appear that they have adequate liquid assets to meet their bill payments and to cover any small, unexpected expenses. + Their balance sheet lists their house at 8% higher than the purchase price. The equity in their home is S within homa does above total assets less than does not net worth A Median Net Worth B C $117,900