A personal balance sheet is the financial picture of how much "wealth" you have accumulated as of a certain date. It specifically lists your assets (i. e., what you own) and your liabilities (i. e., what you owe). Your current net worth is the difference between the assets and the liabilities. net worth = assets − liabilities Tom and Carol Jackson have asked for your help in preparing a personal balance sheet. They have listed the following assets and liabilities: current value of home, $148,000; audio/video equipment, $1,340; automobiles, $17,900; personal property, $4,350; computer, $3,700; mutual funds, $26,700; 401(k) retirement plan, $53,680; jewelry, $4,800; certificates of deposit, $19,300; stock investments, $24,280; furniture and other household goods, $8,600; balance on Walmart and Sears charge accounts, $4,868; automobile loan balance, $8,840; home mortgage balance, $106,470; Visa and MasterCard balances, $4,217; savings account balance, $3,700; Carol's night school tuition loan balance, $2,750; checking account balance, $1,385; signature loan balance, $6,350. PERSONAL BALANCE SHEET ASSETS CURRENT ASSETS Checking account Savings account Certificates of deposit Other Total Current Assets LONG-TERM ASSETS Investments Retirement Plans Stocks Bonds Mutual Funds Other Personal Home Automobiles Furniture Personal Property Jewelry Other Other Total Long-Term Assets TOTAL ASSETS LIABILITIES CURRENT LIABILITIES Store charge accounts Credit card accounts Other current debt Total Current Liabilities CURRENT LIABILITIES Home mortgage Automobile loan Education loan Other loan Other loan Total Long-Term Liabilities TOTAL LIABILITIES NET WORTH Total Assets Total Liabilities NET WORTH Use the data provided and the personal balance sheet to calculate the following for the Jacksons