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 $1,330 Monthly take-home salary 810 Savings account balance 1,300 Balance of educational loan 8,550 Telephone bill paid for month 320 Loan payment 243 Household possessions 3,310 Payment for electricity 244 Donations 2,160 Value of stock investment 110 Restaurant spending $3,900 2,740 2, 770 119 107 3,580 146 111 890 190 Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows