Question 1: Case One (46 28 20 marks) The Turnbull family is seeking financial advice from you in 2016. They are especially concerned with budgeting issues as they often find themselves short of cash. Below is a list of the family's assets and debts as at the end of 2015. Prepare the family's balance sheet. (a) Item Cash Vehicles Jewellery Clothing Artwork Appliances Property Caravarn Loan payable in 6 months22,000 Interest payable Taxes payable Loan payable in 25 years Value ($) 9,000 8,500 14,000 9,000 17,000 40,000 220,000 20,500 1,800 3,000 78,000