Answer:
Determining the total assets, total liabilities, net worth, total cash inflows, and total cash outflows:
1. Total assets
Cash in checking account         $ 450
Savings account balance        $ 1,890  
Current value of automobile  $8,800  
Household possessions           3,400
Video equipment                  $ 2,350 
Personal computer               $ 1,200 
Value of stock investment        860
Total assets                         $18,950
2. Total liabilities
Rent for the month              $ 650
Balance of educational loan 2,160
Credit card balance             $ 235
Total liabilities                  $3,045
3. Net worth
Total assets                      $18,950
Total liabilities                   ($3,045)
Net worth                        $15,905
4. Total cash inflows
Monthly take-home salary $ 2,185
5. Total cash outflows
Spending for food                  $ 345 
Telephone bill paid for month    65
Loan payment                             80
Auto insurance                     $ 230  
Payment for electricity               90
Lunches/parking at work     $ 180 
Donations                                160  
Clothing purchase               $ 110 
Restaurant spending             130
Total cash outflows         $1,390
Explanation:
a) Data and Calculations:
Rent for the month $ 650 
Monthly take-home salary$ 2,185
Spending for food $ 345 
Cash in checking account$ 450
Savings account balance $ 1,890 
Balance of educational loan 2,160
Current value of automobile $8,800 
Telephone bill paid for month 65
Credit card balance $ 235 
Loan payment 80
Auto insurance $ 230 
Household possessions 3,400
Video equipment $ 2,350 
Payment for electricity 90
Lunches/parking at work $ 180 
Donations 160
Personal computer $ 1,200 
Value of stock investment 860
Clothing purchase $ 110 
Restaurant spending 130