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 FlowsRent for the month$1,350Monthly take-home salary$3,530Cash in checking account1,000Savings account balance2,470Spending for food790Balance of educational loan3,000Current value of automobile8,620Telephone bill paid for month80Credit card balance295Loan payment136Auto insurance311Household possessions4,300Stereo equipment2,770Payment for electricity183Lunches/parking at work220Donations126Home computer2,370Value of stock investment1,280Clothing purchase199Restaurant spending135

Mid Term Chapters 3, 4, 6, 7, & 9 0 Saved Help Save 3. Exit Submit 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 $ 1,358 Monthly take-home salary 3 3,538 Cash in checking account 1,688 Savings account balance 2,478 Spending For 'Food 798 Balance of educational loan 3,868 egook Current value O'F automobile 8,628 Telephone bill paid for month 88 Credit card balance 295 Loan payment 136 Auto insurance 311 Household possessions 4,369 Stereo equipment 2,779 Payment for electricity 183 Lunches/parking at work 229 Donations 126 Home computer 2,379 Value of stock investment 1,289 Clothing purchase 199 Restaurant spending 135 Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inows Total cash outows