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Net Worth Problem - compute the income from unknown sources for years two and three from the following data - please show your work. lNet

Net Worth Problem - compute the income from unknown sources for years two and three from the following data - please show your work.

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lNet Worth Problem _i Compute the income from unknown sources for Years Two and Three from the following data: Please show your work. 125112012 1213112013 123112014 Assets: _ _ Residence $50,000.00 _ $50,000.00 $200,000.00 Stocks and Bonds $10,000.00 $10,000.00 $10,000.00 Automobiles $15,000.00 $15,000.00 $40,000.00 Cash $5,000.00 _ $3,000.00 $20,000.00 Liabilities: _ Mortgage Balance $40,000.00 $30,000.00 $ - Auto Loan $8,000.00 $5,000.00 $ - Student Loans $10,000.00 $8,000.00 $ - income: _ _ Salary $30,000.00 $35,000.00 $40,000.00 Other S - $1,000.00 $1,000.00 Expenses: Mortgage Payments $5,000.00 $5,000.00 $ Car Payments $1,000.00 $5,000.00 $2,500.00 Student Loan Payments $1,000.00 _ $1,000.00 $500.00 Other living expenses $15,000.00 $15,000.00 $20,000.00 Total Living Expenses $22,000.00 $26,000.00 $23,000.00

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