Use the following information to complete the Net Worth Statement below: ASSETS On October 31, 2022, the Browns Assets included: - Principal residence-This asset is in both Bettys and Bills name. The house is currently valued at $850,000 (purchased 12 years ago for $700,000). - Joint Bank Account-The Browns have a joint bank account (that is in both of their names) totalling $18,000 in cash. This account pays an interest rate of 0% on cash. - Bills RRSPs is valued at $25,000. Bill is a very conservative investor and only hold short-term Treasury bills in his RRSP. This account has earned 1.5% over the past year. There is no named beneficiary on this account. - Bettys RRSPs is valued at $225,000. Betty likes to be aggressive with her RRSPs investments. All of Bettys RRSP investments are invested in shares in the car manufacturer Tesla Inc. Unfortunately, Bettys RRSP declined 12.4% in 2021 as the shares of Tesla did not perform well in 2021. Tesla does not pay dividends to its shareholders. Bill is the named beneficiary on this account. - Betty also has a Locked-in RRSP account with a total of $115,000 in investments. This account was opened by Betty in 2005 when she transferred over the money from her pension plan at her former employer. This account only holds cash and earns no interest. Bill is the named beneficiary on this account. - Joint Non-Registered Investment Account-This account holds a jointly own, non-redeemable GIC valued at $145,000 at the bank. This GIC is very safe and earns interest at a rate of 1.5% per year. This GIC matures in 2 months. Bill expects the interest rates on GICs to increase each year for the next 4 years. - Inherited Corporate Bond in Bills name, with a maturity value of $25,000. Last month Bills great uncle passed away. Bills uncle left him a 10-year corporate bond, with a coupon rate of 3% interest per year. After doing some enquires with his uncles investment advisor, Bill determined that his uncle bought this bond at its face value of $25,000 when it was initially issued three years ago. Today, the bond is valued $28,500. The current interest rate on new bonds is 2.25%. LIABILITIES The Smiths have 2 outstanding Liabilities as at October 31, 2022: - VISA Balance: $28,000 (at 21.3% interest /year) - Line of Credit (secured against the house: $110,000 (at 12% interest /year)