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 Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work $1,520 Monkhly take-home salary $4,070 2,420 2,340 104 920 Savings account balance 1,260 Balance of educational loan 7,820 Telephone bill paid for month 307 Loan payment 319 Household possessions 3,290 Payment for electricity 194 Donations 2,430 Value of stock investment 146 Restaurant spending 3,880 150 148 Home computer 1,670 145 Clothing purchase Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows