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 i Auto insurance Stereo equipment. Lunches/parking at work Home computer Clothing purchase Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows $ 650 Monthly take-home salary Savings account balance 450 345 Balance of educational loan Telephone bill paid for month Loan payment Household possessions 2,350 Payment for electricity 180 Donations 7,800 235 230 1,500 Value of stock investment 110 Restaurant spending $1,950 1,890 2,160 65 80 3,400 90 70 860 130