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Use the following info to calculate total liabilities. Rent for the month $650 Cash in chequing account $450 Spending for food $345 Current value of

Use the following info to calculate total liabilities. Rent for the month $650 Cash in chequing account $450 Spending for food $345 Current value of automobile $7800 Credit card balance $235 Auto insurance $230 Stereo equipment $2350 $180 $1500 $110 $1950 $1890 $2160 $65 $80 $3400 $90 $70 $860 $130 Lunches/parking at work Home computer Clothing purchase Monthly take-home salary Savings account balance Balance of educational loan Telephone bill paid for month Loan payment Household possessions Payment for electricity Donations Value of stock investment Restaurant spending a) $2,395 5

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