Juan and Maria Gomez have been married for over 10 years. They both have good jobs with consistent incomes, and they are good savers. They believe that their financial picture is good, but they have never prepared a balance sheet. Juan and Maria pulled together the following items from bank statements, pay stubs, and bills.

1.	Auto: 2010 Suburban (cost) 27,600
2.	Auto: 2007 Honda Pilot (cost) 24,000
3.	Juans salary 45,000
4.	Balance due on American Express credit card 1,519
5.	Balance due on Master Card 731
6.	Balance due on Visa credit card 169
7.	Primary home 300,000
8.	Marias diamond earrings 6,000
9.	The total balance remaining on their mortgage is 250,000
10.	Amount paid last month for a telephone is 500

In addition, the Gomezs provided the following information:

	Based on comparable homes listed for sale in their neighborhood, the Gomezs believe that their home value is about 8% more than what they paid for it.
	The principal portion of their mortgage payments is approximately $833 per month.
	A reliable jeweler said that Marias diamond earrings could be sold at the value provided.
	After looking at Kelley Blue Book, they believe their cars can be sold for about 55% of original cost.

Use this information to fill in the missing amounts on Juan and Marias balance sheet. You can use what you checked above to make sure you accounted for everything.

Note: Some amounts are given to check your work. Round your percent to the one decimal place.

Balance Sheet Name: Juan and Maria Gomez Date: December 31, 2017 Dollars ASSETS Monetary Assets CashonhandSavingsaccountCheckingaccountTotalmonetaryassets25037,50030,000$67,750 Tangible Assets Total tangible assets $ Investment Assets \begin{tabular}{lc} Mutual funds & 5,355 \\ \hline Bonds & 12,750 \\ Life insurance cash value & 10,200 \\ IRAs & 5,100 \\ Total investment assets & 6,375 \\ (1) Total Assets & $ \end{tabular} LIABILITIES Short-Term Liabilities Current portion of mortgage Credit card debt Property taxes 2,250 Auto loan Total short-term liabilities 844 Long-Term Liabilities Long-term portion of mortgage Total long-term liabilities (2) Total Liabilities Net Worth (1) - (2) Total Liabilities and Net Worth $ $ $ $ Balance Sheet Name: Juan and Maria Gomez Date: December 31, 2017 Dollars ASSETS Monetary Assets CashonhandSavingsaccountCheckingaccountTotalmonetaryassets25037,50030,000$67,750 Tangible Assets Total tangible assets $ Investment Assets \begin{tabular}{lc} Mutual funds & 5,355 \\ \hline Bonds & 12,750 \\ Life insurance cash value & 10,200 \\ IRAs & 5,100 \\ Total investment assets & 6,375 \\ (1) Total Assets & $ \end{tabular} LIABILITIES Short-Term Liabilities Current portion of mortgage Credit card debt Property taxes 2,250 Auto loan Total short-term liabilities 844 Long-Term Liabilities Long-term portion of mortgage Total long-term liabilities (2) Total Liabilities Net Worth (1) - (2) Total Liabilities and Net Worth $ $ $ $