1. Prepare an Income Statement and a Balance Sheet for your client(s). Assemble your statement according to the format used in the textbook.

2. Determine your clients current Net Worth. Also, evaluate their emergency fund status. Are the funds adequate? Do you have any recommendations to make?

3. 

Visa Bill $500 Checking Account $925 Min monthly pmt $25 Stocks $10,000 Auto insurance (monthly) $125 Mastercard Bill $450 Inherited Furniture $3,250 Min monthly pmt $20 $4,500 Primary Home $100,000 $2,000 Bonds $2,000 Monthly income (Spouse 1) Monthly income (Spouse 2) Annual Medical Expense Mutual Fund $245 Monthly Food cost $400 $3,000 Automobile(s) $12,000 401(k) $5,500 Monthly Car Payment $6,500 Furnishings $335 | Outstanding Mortgage balance $275 Outstanding Auto loans $80,000 Monthly Utilities $6,500 Savings Account $2,700 Other personal property $8,500 Clothing Expense $200 Other monthly expenses $175 Student Loan Balance $13,000 Monthly Student Loan Pmt $100 Visa Bill $500 Checking Account $925 Min monthly pmt $25 Stocks $10,000 Auto insurance (monthly) $125 Mastercard Bill $450 Inherited Furniture $3,250 Min monthly pmt $20 $4,500 Primary Home $100,000 $2,000 Bonds $2,000 Monthly income (Spouse 1) Monthly income (Spouse 2) Annual Medical Expense Mutual Fund $245 Monthly Food cost $400 $3,000 Automobile(s) $12,000 401(k) $5,500 Monthly Car Payment $6,500 Furnishings $335 | Outstanding Mortgage balance $275 Outstanding Auto loans $80,000 Monthly Utilities $6,500 Savings Account $2,700 Other personal property $8,500 Clothing Expense $200 Other monthly expenses $175 Student Loan Balance $13,000 Monthly Student Loan Pmt $100