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 $ 1,450 Monthly take-home salary $ 3,820 Cash in checking account 630 Savings account balance 2,110 Spending for food 1,000 Balance of educational loan 3,100 Current value of automobile 8,760 Telephone bill paid for month 74 Credit card balance 238 Loan payment 174 Auto insurance 304 Household possessions 3,770 Stereo equipment 3,010 Payment for electricity 111 Lunches/parking at work 181 Donations 149 Home computer 1,590 Value of stock investment 910 Clothing purchase 163 Restaurant spending 214