2. Accounting
3. end year 1 end year 2 end year 3 assets...

# Question: end year 1 end year 2 end year 3 assets...

###### Question details
 End year 1 end year 2 end year 3 Assets Property $50,000$50,000 $200,000 Motor Vehicle 15,000 15,000 40,000 Shares 10,000 10,000 10,000 Cash 5,000 8,000 20,000 Liabilities Mortgage Balance$40,000 $30,000$0 Car Loan 8,000 5,000 0 Students loans 10,000 8,000 0 Income Salary $30,000$35,000 $40,000 other (interest) 0 1,000 1,000 Expenses Mortgage PAyments$5,000 $5,000$0 Car payments 1,000 5,000 2,500 Student loan payments 1,000 1,000 500 Other living expenses 15,000 15,000 20,000

Required:

A. Prepare a net worth calculation to determine unknown income based on the data provided above. [5 marks]

B. In your own words, briefly discuss the results from your analysis. [5 marks]