Your Clients List of Assets, Liabilities, Income & Expenses

Asset/Liability	Amount	Rate of Return
Banking Chequing Account	$6500	0%
Joint Savings Account	$160,000	1%
Claires RRSP	$110,000	3%
Davids RRSP	$25,000	2%
Davids car (3 years old) value	$16,500	-
Claires car (1 year old) value	$33,500	-
Davids current car loan (at an interest rate of 10%)	$6,500
Claires car loan (at an interest rate of 13%)	$23,500
VISA credit card balance at 21% interest	$9,500
Expenditures in October 2022
Rent	$1,900/month
Non-discretionary living expenses (household expenses, food, clothing, etc.)	$1,500/month
Entertainment & restaurants	$1,000/month
Claires payment into her Employer Pension Plan	$400/month
Telephone, cable & internet	$250 / month
Car expenses for both cars (insurance, gas, etc.)	$180/ month
Claires car loan Payment	$625 / month
Davids car loan Payment	$400 / month

Use the information above to prepare a current Net Worth Statement and a current Cash Flow Statement for the Johnstons.