Use the following balance sheet and cash flow data to respond . NOTE: Reference financial progress ratios on page 78 of your text.

• Liquid assets = $10,000
• Home value = $210,000
• Investment assets = $90,000
• Personal property = $20,000

• Short-term debt = $5,500
• Mortgage debt (30 yr.) = $170,000

• Short-term debt payments = $250/month
• Mortgage debt payments = $1,300/month
• Gross income = $9,000/month
• Disposable income = $6,800/month
• Expenses = $6,000/month

Calculate the Net Worth.

Group of answer choices

A: Liabilities: Short term debt. Grand total: $5,500

B:Liabilities: Short term debt, mortgage debt. Grand total: $175,500

C:Liabilities: Short term debt, ($250/month) mortgage debt ($1,300). Grand total: $1,550/month * 10 years

D: Liabilities: Mortgage debt. Grand total: $170,000