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usethe following data to create a balance sheet and an incomestatement place each item in the proper category example (assetsliabilities income expense) then calculate the

usethe following data to create a balance sheet and an incomestatement place each item in the proper category example (assetsliabilities income expense) then calculate the net worth and thenet income.
cash $1000
monthly revenue $2000
current credit card balance $1000
value of inventory $1000
monthly rent expense $500
current automobile value $7000
current value of equipment $5000
monthly insurance expense $100
automobile loan balance $4000
monthly wage expense $500

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