Phillip created the net worth statement shown. Net Worth Statement
Assets
Value
House (current value) $85,000
Checking account
$2,500
Automobile
$18,500
Investments
$7,000
Total Assets
$113,000
Liabilities
Mortgage
Credit card debt
Total Liabilities
$62,000
$9,500
$71,500
Bases on the information in the statement, what is Phillip's net worth?
A $184,500
B $41,500
C-$71,500
D-$41,500