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 followi list of her assets and liabilities as of June 30, 2016: $ 70 180 590 Cash on hand Balance in checking account Balance in money market deposit account with Southwest Savings Bills outstanding: Telephone Electricity Charge account balance $ 20 70 190 180 Visa MasterCard 220 Taxes 400 220 $1,300 Insurance Condo and property Condo mortgage loan Automobile: 2016 Honda Civic Installment loan balances: 68,000 55,000 12,000 Auto loans 3,000 Furniture loan 500 3,500 Personal property: Furniture 1,050 Clothing 900 1,950 Investments: U.S. government savings bonds 500 Apple Stock 3,000 3,500 From the data given, prepare Katie Wright's balance sheet, dated June 30, 2020 (follow the balance sheet form shown in Worksheet 2.1). Then evaluate her balance sheet relative to the following factors: (a) solvency, (b) liquidity, and (c) equity in her dominant asset. Name(s): Katie Wright Assets Liquid assets: Cash on hand In checking Savings accounts Money Market funds and deposits $ $ Date: 30-Jun-20 Liabilities and Net Worth Current liabilities: Utilities Rent Insurance premiums Taxes Medical/dental bills Repair bills Certificates of deposit (