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Use the following data to prepare a comparative net worth assessment. Is there an appearance of large unexplained income? If so, what year. End Yearl
Use the following data to prepare a comparative net worth assessment. Is there an appearance of large unexplained income? If so, what year. End Yearl End Year 2 End Year 3 Assets Residence Stocks and Bonds Automobiles Cash 50,000 10,000 15,000 5,000 50,000 10,000 15,000 8,000 200,000 10,000 40,000 20,000 Liabilities Mortgage Balance Auto Loan Student Loans 40,000 8,000 10,000 30,000 5,000 8,000 Income Salary 30,000 40,000 35,000 1,000 Other 1,000 Expenses Mortgage payments Car Payments Student Loan Other Living 5,000 1,000 1,000 15,000 2,500 5,000 5,000 1,000 15,000 500 20,000
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