Preparing income and expense statement

worksheet from 2.2

From the data given, prepare Denise Fisher's balance sheet, dated June 30, 2017 ifallow the bai- ance sheet form shown in Worksheet 2.11. Then evaluate her balance sheet relative to the follow ing factors: la) solvency, lbl liquidity, and (cl equity in her dominant asset LG3, p. 51 4 Preparing income and expense statement. Use Worksheet 2.2 Bill and Nancy Ballinger are about to construct their income and expense statement for the year ending December 31, 2017 Bill is finishing up college and currrently has no income. They have put together the following in- come and expense information for 2017 Nancy's salary Reimbursement for travel expenses Interest on: $47000 1,950 Savings account Bonds of Alpha Corporation Groceries Rent Utilities 70 4, 150 9,600 960 Part 1 | Foundations of Financial Planning