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The Johnson household has compiled the following financial information. They live in a house hat has lost some of its market value due to zoning

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The Johnson household has compiled the following financial information. They live in a house hat has lost some of its market value due to zoning changes nearby; the best estimate for their house's worth is $150,000. While the Johnsons still owe $160,000 on their mortgage, they make payments of $1,200 each month. Groceries cost the family approximately $1,000 per month. The Johnsons also have a car (valued at $9,000; with loan balance of $10,870; monthly payments of 2297 ), an SUV (valued at \$15,900; with loan balance of \$20,560; monthly payments of $498 ), and a boat (valued at $500; with loan balance of $2,210; monthly payments of \$153). They have roughly \$5,000 of fumiture that includes mattresses, a couch, beds, an entertainment center, and several other items (they still owe about $1,670 on these items). Mr. Johnson is an avid baseball fan and has a card collection worth $1,400. Their credit card debt totals $15,000 with monthly payments of $485. To fund their higher education, the Johnsons took out some student loans that total $37,850 with payments of $276 per month. Allegedly, they also have a treasure map valued at $699. On average, the Johnson's checking account has $2,000, and their savings account has $3,700. Their combined retirement accounts have \$21,009. Using the information above create their personal balance sheet in the space provided below. 3. What advice would you glvo the Johnsons to increase their net worth moving forward? 4. If you could ask three additional questions about their financial circumstances, what would you want to know

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