NUMBER 1

(a) Based on the following information, calculate the Total Assets, Total Liabilities, and Net Worth.

Investments, $24,225

Liquid assets (cash, savings), $6,035

Household items (furniture, computers, etc.), $82,560

House, $380,000

Long-term liabilities (house loan, car loan, student loan), $ 265,150

Current liabilities $ 7,800

(b) For each of the following, fill in the missing amount:

Assets $______________, Liabilities $ 88,500, Net Worth $ 132,000.

Assets $ 90,600, Liabilities $_______________, Net Worth $35,220.

Assets $188,375, Liabilities $ 95,498, Net Worth $_____________.

Assets $______________, Liabilities $64,534, Net Worth $ 127,784.

Assets $ 25,973, Liabilities $______________, Net Worth $ 10,025.