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Rent for the month $950 Monthly take-home salary $2,485 Spending for food $495 Cash in checking account $510 Savings account balance $1,950 Balance of educational

Rent for the month $950 Monthly take-home salary $2,485

Spending for food $495 Cash in checking account $510

Savings account balance $1,950 Balance of educational loan $2,520

Current value of automobile $9,400 Telephone bill paid for month $95

Credit card balance $265 Loan payment $140

Auto insurance $290 Household possessions $4,000

Video equipment $2,500 Payment for electricity $120

Lunches/parking at work $210 Donations $220

Personal computer $1,500 Value of stock investment $1,010

Clothing purchase $140 Restaurant spending $160

1) What is the total assets?

2) What is the total liabilities?

3) What is total net worth?

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