Business, 01.06.2021 19:50 dannyhouseman55

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. Balance Sheet and Cash Flows Rent for the month $ 1,070 Monthly take-home salary $ 3,730 Cash in checking account 1,310 Savings account balance 1,970 Spending for food 1,250 Balance of educational loan 2,830 Current value of automobile 8,030 Telephone bill paid for month 128 Credit card balance 299 Loan payment 146 Auto insurance 270 Household possessions 3,990 Stereo equipment 2,450 Payment for electricity 158 Lunches/parking at work 245 Donations 169 Home computer 1,800 Value of stock investment 1,210 Clothing purchase 140 Restaurant spending 154

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