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The following is a partial balance sheet for Steve and Bonnie Foster. Complete the balance sheet by determining their total assets, total current liabilities, long-term
The following is a partial balance sheet for Steve and Bonnie Foster. Complete the balance sheet by determining their total assets, total current liabilities, long-term liabilities, and net worth. Balance Sheet Name(s): Steve and Bonnie Foster Assets Date: December 31, 2012 Liabilities and Net Worth Current Liabilities Electric Liquid Assets Cash Checking Savings Total Liquid Assets: $195.75 215.33 244.69 Water $655.77 Insurance premiums Taxes Mortgage Auto MasterCard Total Current Liabilities: $394.05 168.88 281.47 1,050.00 777.78 844.40 731.81 $1,440.00 Long-Term Liabilities Primary residence mortgage Total Long-Term Liabilities: $37,333.44 Investments Retirement funds, IRA $1,440.00 Total Investments: Real Property Primary residence $151,200.00 Total Real Property: Personal Property Honda Pilot $11,495.00 Total Personal Property: (1) Total Assets: $151,200.00 $11,495.00 (2) Total Liabilities: Net Worth (1)-(2): Total Liabilities and Net Worth: Based on the completed balance sheet, the Fosters' net worth is
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