Fernando borrowed $38 to go to the country fair. He won $42 at the horse races, and then spent $12 trying to win a large stuffed animal. What is his financial situation now?? Please complete this in 5 minutes cause it is due right now, also do step by step. If the answer is correct I will make the first person with the right answer a brainlest and give them free points I have 1000 points

He is in debt by $8

Step-by-step explanation:

Fernando borrowed $38 so he was in debt by $38. When he won $42 he made a profit of $4 to keep for himself (42-38). But then he spent $12 of it so he put himself more in debt.

The total amount spent: -$12

Amount of money won: +$42

Total for the day: $30

Amount of money owed: $38

Earned - owned

30 - 8 = -8

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