Harry and Alice purchase a new car by trading in their old car worth $10,000, signing an installment note for $12,000, and using a $5,000 cash gift from Betty as a down payment. They also sell their china and crystals for $18,000 and invest the proceeds in a money market mutual fund. They are given an RV worth $20,000 by Harry’s uncle, Ralph. By how much will the Landon’s net worth increase or decrease, and is there financial status stronger or weaker after these transactions?
A) $12,000 decrease in net worth; weaker financial status
B) $23,000 increase in net worth; stronger financial status
C) $28,000 increase in net worth; stronger financial status
D) $22,000 increase in net worth; stronger financial status