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le 1 Jack Plummer, a factory worker, asks you to help him find out how much he is worth. From a discussion with him, you find out the following facts. His cash on hand is $1800. He owns a home valued at $385 000 that has a mortgage on it of 584 000 d He was an automobile that he bought for $18 200, and stilowes Ace Finance $1800 for it He owns a summer property valued at $130 000, which he bought with money borrowed from the bank. Since the time of purchase, he has paid $37 000 of the loan He has unpaid bills amounting to 53000 He was his father, M. Plumener, the sum of 550 000, which he borrowed interest free several years ago at the time he bought his home. He owns furniture valued at $6000 Prepare a personal balance sheet below for Jack Plummer dated June 1 of the current your (10 Application marks) h 1. a d Jack Plummer, a factory worker asks you to help him find out how much he is worth. Firoma doention with him, you find out the following fads His cash on hand is 51800. He owns a home valued $385 000 that has a mortgage on it of $84 000 He owns an automobile that he bought for 516 200, and stilles Ace Finance 51800 for He crois a summer property valued at $130 000, which he bought with money borrowed from the bank. Since the time of purchase, he has paid $37000 of the ksan. He owes his father, M. Plummer, the sum of 530000, which he borrowed interest free several years ago at the time he bought his home. He was furniture valued 50000 Prepare a personal balance sheet below for Jack Phammer dated June 1 of the cent year. (10 Application make h 7