LG3-Understand how financial statements & ratios and basic tax fundamentals impact the financial planning process. *For items that go on the 18E Statement, amount is annual Alex Age 31 Salary $ Mortgage Payment $ Money Market Account $ Mutual Fund $ House $ Furnitures Mortgage Balance $ Roth IRA $ Credit Card Payments Entertainments Checking Accounts Car Payments Consulting Pay $ Car Loan Balance $ Groceries $ Fuel 5 Car $ Employer Plans Student Loan Payment $ Other (Jewelry) S Credit Card Balance $ Annual Savings $ 35,000.00 14,400.00 1,500.00 750.00 145,000.00 4,000.00 138,000.00 2,700.00 600.00 900,00 600.00 5,100.00 1,500.00 3,500.00 1,800.00 960.00 8,000.00 9,000.00 4,500.00 500,00 1,000.00 950.00 Salary $ Mortgage Payment $ Money Market Account $ Mutual Fund $ House $ Furniture $ Mortgage Balance $ Roth IRA $ Credit Card Payments Entertainment $ Checking Account $ Car Payments Consulting Pay $ Car Loan Balance $ Groceries $ Fuel $ Car $ Employer Plan $ Student Loan Payment $ Other (Jewelry) $ Credit Card Balance $ Annual Savings $ Savings Account $ Past-Due Bill $ Student Loan Balance $ Insurance Payment $ Utilities $ 35,000.00 14,400.00 .1,500.00 750.00 145,000.00 4,000.00 138,000.00 2,700.00 600.00 900.00 600.00 5,100.00 1,500.00 3,500.00 1,800.00 960.00 8,000.00 9,000.00 4,500.00 500.00 1,000.00 950.00 3,000.00 350.00 20,000.00 1,140.00 1,200.00 Application Time - Alex's Balance Sheet December 31 ASSETS Monetary Total Monetary Investment Total Investment Household Total Household Retirement Total Retirement Personal Property Total Personal Property TOTAL ASSETS LIABILITIES & NET WORTH Short-Term Total Short-Term Long-Term Total Long-Term TOTAL LIABILITIES TOTAL NET WORTH