Use Worksheet 2.1 Katie Wright's banker has asked her to submit a personal balance sheet as of June 30, 2020, in support of an application for a $3,000 home improvement loan. She comes to you for help in preparing it. So far, she has made the following list of her assets and liabilities as of June 30, 2016: Cash on hand Balance in checking account $ 70 180 Balance in money market deposit account with 720 Southwest Savings Bills outstanding: Telephone Electricity Charge account balance Visa MasterCard Taxes Insurance Condo and property Condo mortgage loan Automobile: 2016 Honda Civic $ 20 70 190 180 220 400 220 $1,300 72,000 50,000 12,000 Installment loan balances: Auto loans Furniture loan 3,000 500 3,500 Personal property: Furniture Clothing 1,050 900 1,950 Investments: US government savings bonds 500 Apple Stock 3,000 3,500 From the data a