The smith family created this list of their assets and liabilities.
• own a house worth $260,000 but currently owe $155,000 on the mortgage
own a car worth $18,000 but currently still owe $12,000 on the car loan
own $1,500 worth of jewelry
• have $3,000 in their checking account
have $5,000 in a college savings account
have $3,000 in an emergency savings account
have $10,000 in a retirement account
• have $1,000 in cash
• owe $6.500 on a credit card
based on this list what is the net worth of the smith family?