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. (Omit the "$" sign in your response.) Rent for the month $ 1,030 Auto insurance $ 240 Monthly take-home salary 2,850 Household possessions 3,470 Cash in chequing account 1,020 Stereo equipment 3,140 Savings account balance 2,360 Payment for electricity 144 Spending for food 470 Lunches/parking

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