1. The following table shows the items of assets, liabilities, cash inflows, and cash outflows for Ho in September.

Rent	$6500	Monthly take-home salary	$21850
Spending for food	$3450	Cash in checking account	$4500
Savings account balance	$1890	Balance of education loan	$21600
Current value of auto	$88000	Phone bill paid for month	$650
Credit card balance	$2350	Loan payment	$800
Auto insurance premium	$2300	Household possessions	$34000
Current value of video equipment	$23500	Payment for electricity	$900
Spending on Lunches/Parking at work	$1800	Donations	$1600
Current value of personal computer	$12000	Value of stock investment	$8600
Cloth purchase	$1100	Restaurant spending	$1300

1. Prepare a Personal Balance Sheet for Ho.
2. Prepare a Cash Flow Statement for Ho.
3. How will you evaluate his current financial situation?

SI Name: D: Session: 1. The following table shows the items of assets, liabilities, cash inflows, and cash outflows for Ho in September Rent S6500 Monthly take home salary S21850 Spending for food $3450 Cash in checking account $4500 Savings account balance $1890 Balance of education loan $21600 Current value of auto $88000 Phone bill paid for month $650 Credit card balance S2350 Loan payment S800 Auto insurance S2300 Household possessions S34000 Video equipment S23500 Payment for electricity 9900 Lunches Parking at work S1800 Donations $1600 Personal computer $12000 Value of stock investment 58600 Cloth purchase S 1100 Restaurant spending S1300 a. Prepare a Personal Balance Sheet for Ho. b. Prepare a Cash Flow Statement for Ho. c. How will you evaluate his current financial situation? d. If he is targeting at buying a flat in five years, which requires a down payment of $300,000, how will you setup a budget plan for him? (assuming that banks are now offering interest 6%p.a. compound monthly)