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Mike and Mary Jane Lee have a yearly income of $62,235 and own a house worth $94,700, two cars worth a total of $23,145 and

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Mike and Mary Jane Lee have a yearly income of $62,235 and own a house worth $94,700, two cars worth a total of $23,145 and furniture worth $10,945. The house has a mortgage of $57,437 and the cars have outstanding loans of $3,462 each. Utility bills, totaling $141 for this month, have not been paid. Calculate or use Worksheet 4 to determine their net worth and explain what it means. How would the Lees' age affect your assessment of their net worth? The value of Mike and Mary Jane's total assets are $. (Round to the nearest dollar.)

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