Use the following items to determine the total assets, total liabilities and total net worth. You have $1,250 in your You have $1,750 in your You purchased a checking account savings account computer last summer and it is valued at $2,000 You received a graduation you purchased new furniture Your car is valued at gift of a watch and it is for your apartment. It is $20,000, but you still owe valued at $1,000 valued at $3,000. $5,000 You owe $8,000 on a credit card You have purchased 1,000 shares of IBM and they are valued at $50,000. You participated in your employer's retirement scheme. You have $100,000 balance in your retirement account. You have $2,000 in cash You have a student loan balance of $25,000 You purchase a One- bedroom apartment for $1 million and you owe the bank $700,000. 3. What is the amount of total assets? Select one: a. $1,100,001 to $1,200,000 O b. $1,000,001 to $1,100,000 O c. $1,200,001 to $1,300,000 O d. $1,300,001 to $1,400,000 4. What is the amount of total liabilities? Select one: O a. $500,001 to $600,000 b. $700,001 to $800,000 c. $400,001 to $500,000 O O d. $600,001 to $700,000 5. What is the amount of net worth