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 $1,030 Monthly take-home salary 1,020 Savings account balance 470 Balance of educational loan 8,490 Telephone bill paid for month 301 Loan payment 240 Household possessions 3,140 Payment for electricity 199 Donations 2,220 Value of stock investment 157 Restaurant spending $2.850 2,360 2,970 85 163 3,470 144 135 1,080 227 Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows