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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,
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. (Omit the "$" sign in your response.)
| Rent for the month | $ | 1,070 | Auto insurance | $ | 270 |
| Monthly take-home salary | 3,730 | Household possessions | 3,990 | ||
| Cash in chequing account | 1,310 | Stereo equipment | 2,450 | ||
| Savings account balance | 1,970 | Payment for electricity | 158 | ||
| Spending for food | 1,250 | Lunches/parking at work | 245 | ||
| Balance of educational loan | 2,830 | Donations | 169 | ||
| Current value of automobile | 8,030 | Home computer | 1,800 | ||
| Telephone bill paid for month | 128 | Value of stock investment | 1,210 | ||
| Credit card balance | 299 | Clothing purchase | 140 | ||
| Loan payment | 146 | Restaurant spending | 154 | ||
| Total assets | $ |
| Total liabilities | $ |
| Net worth | $ |
| Total cash inflows | $ |
| Total cash outflows | $ |
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