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 $ 1,570 Monthly take-home salary $ 3,790 Cash in checking account 450 Savings account balance 2,330 Spending for food 970 Balance of educational loan 2,650 Current value of automobile 8,360 Telephone bill paid for month 99 Credit card balance 322 Loan payment 110 Auto insurance 260 Household possessions 4,020 Stereo equipment 3,320 Payment for electricity 189 Lunches/parking at work 212 Donations 134 Home computer 1,650 Value of stock investment 1,110 Clothing purchase 114 Restaurant spending 132