For Howard and Joyce,the Changes in Net Worth for the Year

For Howard and Joyce,the changes in net worth for the year ended December 31,2012,are detailed as follows. $\begin{array}{llcc} \text { Realized increases in net worth: } & \\ \text { Salary } &\$50,000\\ \text { Interest income} &500\\ \text { Dividend income } &400\\\\ \text {Realized decreases in net worth: } &\\ \text { Income taxes } &12,000\\ \text { Interest expenses } & 4,000 \\ \text { Personal expenditures } &25,000\\\\ \text {Unrealized increases in net worth: } &\\ \text { Marketable securities } &5,000\\ \text {Residence } &2,000\\\\ \text { Unrealized decreases in net worth: } &\\ \text { Furnishings} & 4,000 \\ \text { Boat} &2,000\\ \text { Estimated income taxes on the differences between the estimated } &\\ \text { current values of assets and the estimated current amounts of} &\\ \text { liabilities and their tax bases } &7,000\\ \text {Net worth at the beginning of year } &60,000\\\end{array}$

Required:
Prepare a statement of changes in net worth for the year ended December 31,2010.