Use the following items to complete

Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flows Rent for the month $ 1, 350 Monthly take-home salary $ 3,530 Cash in checking account 1,000 Savings account balance 2, 470 Spending for food 790 Balance of educational loan 3,000 eBook Current value of automobile 8,620 Telephone bill paid for month 80 Credit card balance 295 Loan payment 136 Auto insurance 311 Household possessions 4, 300 Stereo equipment 2,770 Payment for electricity 183 Lunches/parking at work 220 Donations 126 Home computer 2, 370 Value of stock investment 1, 280 Clothing purchase 199 Restaurant spending 135 Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows