Statement of Financial Position As of December 31, 2013 $ 1,900 4,000 $5,900 38,000 5,500 $43,500 Assets Cash and Cash Equivalents Cash and Checking Account Savings Account Total Cash and Cash Equivalents Invested Assets Stocks and Bonds Life Insurance Cash Value Total Invested Assets Use Assets Residence Automobiles Furniture, clothing, jewelry, etc. Total Use Assets Total Assets Liabilities and Net Worth Liabilities Homeowners Insurance Payable Credit Card Payable Automobile Note Payable Home Mortgage Payable Total Liabilities Net Worth Total Liabilities and Net Worth 310,000 45,000 52,000 $407,000 $456,400 975 4,500 22,400 138,000 $165,875 290,525 $456,400 Given the statement of financial position in Table 3-4, use your own data to determine your net worth. Make sure that student loans are included in liabilities, if applicable