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Teresa Blankenship's banker has asked her to submit a personal balance sheet as of June 30, 2015, in support of an application for a $6,000

Teresa Blankenship's banker has asked her to submit a personal balance sheet as of June 30, 2015, in support of an application for a $6,000 home improvement loan. She comes to you for help in preparing it. So far, she has made the following list of her assets and liabilities as of June 30, 2015: Cash on hand $ 70 Balance in checking account 180 Balance in money market deposit account with South West Savings 650 Bills outstanding: Telephone $ 20 Electricity 70 Charge account balance 190 Visa 180 MasterCard 220 Taxes 400 Insurance 220 1,300 Condo and property 68,000 Condo mortgage loan 52,000 Automobile: 2009 Honda Civic 9775 Installment loan balances: Auto loans 3,000 Furniture loan 500 Personal property: Furniture 1050 Clothing 900 Investments: U.S. government savings bonds 500 Stock of WIMCO Corporation 3,000 From the data given, prepare Teresa Blankenship's balance sheet, dated June 30, 2015 (follow the balance sheet form shown in Worksheet 2.1). Then evaluate her balance sheet relative to the following factors: equity in her dominant asset. Equity in her dominant asset. Enter your answer as a percentage rounded to two decimal places. %

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