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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month $

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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month $ 850 Monthly take-home salary $ 2,385 Spending for food $ 445 Cash in checking account $ 490 Savings account balance $ 1,930 Balance of educational loan $ 2, 400 Current value of automobile $ 9,200 Telephone bill paid for month $ 85 Credit card balance $ 255 Loan payment $ 120 Auto insurance $ 270 Household possessions $ 3,800 k Video equipment $ 2, 450 Payment for electricity $ 110 Lunches/parking at work $ 200 Donations $ 200 it Personal computer $ 1, 400 Value of stock investment $ 960 Clothing purchase $ 130 Restaurant spending $ 150 nces a. Total assets b. Total liabilities c. Net worth d. Total cash inflows e. Total cash outflows

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