Use the above template to complete the following:

Assignments:

Use the Excel template to estimate the assets, liabilities, sources, applications, income from known sources, estimated net worth and the estimated net cash income.

Given the income from known sources, estimate the income from unknown sources from the Lifestyle Approach.

Assume that the suspect declared bankruptcy and that the bankruptcy judge closed the case on December 31 of the prior year, confirming that the suspect had no assets and forgave all of the suspects liabilities on the date the bankruptcy was closed. What is your estimated income from unknown sources using the net worth method?

Assume that the sources have been rated as reliable, what is your assessment of the validity of your estimate of income from unknown sources? Why?