It would help a lot. Thank you

ANSWER: Preparing a Personal Balance Sheet. Use the tollowing items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inows, and total cash outows. Rent for the month, $650 Auto insurance, $230 Monthly takehome salary, $1,950 Household possessions, $3,400 Cash in checking account, $450 Stereo equipment, $2,350 Savings account balance, $1 ,890 Payment for electricity, $90 Spending for food, $345 Lunchesfparking at work, $180 Balance of educational loan, $2,160 Donations, $70 Current value of automobile, $7,800 Home computer, $1,500 Telephone bill paid for month, $65 Value of stock investment, $860 Credit card balance, $235 Clothing purchase, $110 Loan payment, $80 Restaurant spending, $130 ANSWER: Determining Budget Variances Fran Bowen created the following budget:Food, $350 Clothing, $100 Transportation, $320 Personal expenses and recreation, $275 Housing, $950 She actually spent $298 for food, $337 for transportation, $982 for housing, $134 for clothing, and $231 for personal expenses and recreation. Calculate the variance for each of these categories, and indicate whether it was a decit or a surplus