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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 Spending for food $ 1,400 $ 720 Savings account balance $ 2,040 Current value of automobile $ 9,550 Credit card balance $ 310 Auto insurance $ 380 Video equipment $ 2,725 Lunches/parking at work $ 255 Personal computer $ 1,950 Clothing purchase $ 185 a. Total assets b. Total liabilities c. Net worth d. Total cash inflows e. Total cash outflows Monthly take-home salary Cash in checking account Balance of educational loan Telephone bill paid for month Loan payment Household possessions Payment for electricity Donations Value of stock investment Restaurant spending $ 2,935 $ 600 $ 3,060 $ 140 $ 230 $ 4,900 $ 165 $ 310 $ 1,235 $ 205

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