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Please use the following financial data you have compiled for your client as of 12/31/2019 to complete the Statement of Financial Position (all the monthly

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Please use the following financial data you have compiled for your client as of 12/31/2019 to complete the Statement of Financial Position (all the monthly or annual expenses occurred in 2019). Please help to fill in the missing items in the statements (NO comma in the numbers): Clients name: John and Mary Age: 40 Annual salary $200,000 Checking account balance $500 Money market fund balance $2,000 Home 5660,000 Stock A purchase cost: 56,000 current market value: $5,300 10-year Bond B purchase cost: $3,000 current market value: $3,500 Mortgage balance $285,000, expect to reduce $21,500 in principal and pay $5,860 interest in the coming year Furniture and appliances $25,000 529 plan balance $65,000 Cari market value: $25,000 Car 1 loan balance $7,000, plan to pay off the car loan in the coming year Car 2 market value: $3,000 Annual contribution to 529 plan: $8,000 Monthly utilities: $300 Auto maintenance cost per year: $2,000 Food expenses per month: $1,200 Annual Personal Residence insurance: $1,200 Annual life insurance premium: $1,300 Annual auto insurance premium: $750 Federal income taxes (2019): $44,800 State income taxes (2019): $16,200 Social security taxes (2019): $12,400 Property tax on personal residence (2019): $5,950 Auto loan payment in 2019 (incl. both interest and principal) for car 1: $7,200 Monthly mortgage payment in 2019 (incl. both interest and principal): $2,280 Statement of Financial Position John and Mary Statement of Financial Position as of 12/31/2019 Assets Liabilities and Net Worth Current Assets Checking account 500 Current Liabilities Mortgage Car loan Total Current Liabilities Total Current Assets Investment Assets Stock A 10-year bond B 3500 Long-Term Liabilities Mortgage Total Long-Term Liabilities Total Investment Assets $ 25000 Personal Assets Furniture and appliances Car 1 Car 2 Home Total Personal Assets S 3000 Total Liabilities Total Net Worth Total Liabilities and Net Worth Total Assets

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