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	$	1,070		Monthly take-home salary	$	3,730
Cash in checking account		1,310		Savings account balance		1,970
Spending for food		1,250		Balance of educational loan		2,830
Current value of automobile		8,030		Telephone bill paid for month		128
Credit card balance		299		Loan payment		146
Auto insurance		270		Household possessions		3,990
Stereo equipment		2,450		Payment for electricity		158
Lunches/parking at work		245		Donations		169
Home computer		1,800		Value of stock investment		1,210
Clothing purchase		140		Restaurant spending		154