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Mary has come to you for help preparing personal financial statements. She presents you with the following facts. Her assets and liabilities include: $3,000 in a Checking account and $5,000 in a Savings account Her Brokerage Account has $15,000 in Stocks . . . vill . With her employer she has a 401K with a balance of $50,000. She has cash value life Insurance with a $250,000 death benefit and a cash value of $25,000 Her home was purchased for $300,000 and has a mortgage balance of $250,000, currently worth $320,000. A car purchased for $35,500 where the current blue book value is $15,000 and she owes $18,000 on the auto loan Mary has a Student Loan originally for $60,000 with a current Principal Balance of 30,000 Lastly, she has Credit Card Balances of $8,500