Series 65: 5.2.3.3. Example Of Balance Sheet And Income Statement

Taken from our Series 65 Online Guide

5.2.3.3. Example of Balance Sheet and Income Statement

Just like a business, an individual’s financial situation may be analyzed by understanding her balance sheet and income statements. Let’s look at Tricia’s financial statements:

Balance Sheet
Assets
Marketable securities (stocks, ETFs, and mutual funds)	120,000
Cash, CDs, and money market funds	20,000
Treasury securities	60,000
House	400,000
Belongings	10,000
Car	20,000
Total Assets	$630,000

Liabilities
Mortgage	150,000
Utility bills	800
Personal Loans	5,000
Total Liabilities	$155,800

NET WORTH	$474,200

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Monthly Income Statement
Monthly Income
Salary net of taxes	4,800
Other Income