Question1) As of December 31, 2021, Maria Green had total assets of $40,000, and total liabilities of $15,000. As of December 31, 2022, Marias total assets and liabilities increased to $50,000 and $30,000, respectively. How has Marias net worth changed since the end of 2021?

Question2) John Black is a senior administrator at a market research firm, and recently received a salary increase from $3,500 per month to $4,000 per month. He feels richer and would like to know the increase in his net worth. However, he has never prepared a personal balance sheet or an income statement that would help him understand his net worth. John gathered the following information to help him understand his financial position.

	September 30, 2022	October 31, 2022	November 30, 2022
Cash	$1,000	$2,150	$4,050
House	120,000	120,000	120,000
Bank Loan	400	350	300
Salary	3,500	3,500	4,000
Entertainment Expense	200	500	400
Food Expense	1,500	1,200	1,100
Insurance Expense	150	150	150
Utilities Expense	200	400	300
Miscellaneous Expense	175	50	100