Net Worth and Budgeting Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabil total cash inflows, and total cash outflows. Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase 1,330 Monthly take-home salary $3,988 2,748 2,778 119 187 3,588 146 818 Savings account balance 1,300 Balance of educational loan 8,558 Telephone bill paid for month 320 Loan payment 243 Household possessions 244 Donations 110 Restaurant spending 3,310 Payment for electricity 2,160 Value of stock investment 898 19e Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows Prev 1 of 2Next> to search