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 Home computer Clothing purchase $1,418 Monthly take-home salary 65e Savings account balance 1,040 Balance of educational loan 7,960 Telephone bill paid for month 265 Loan payment 322 Household possessions 3,110 Payment for electricity 238 Donations 2,338 Value of stock investment 141 Restaurant spending $ 3,740 2,860 2,320 70 98 3,940 97 113 1.17 211 -VIHULE Clothing purchase 2,338 Value of stock investment 141 Restaurant spending 1,170 211 Answer is complete but not entirely correct. Balance Sheet and Cash Flows Total assets $ 25,901 Total liabilities $ 5,946 Net worth $ 19,955 Total cash inflows S 3,740 Total cash outflows $ 4,005 %