The following is selected financial information for Amity Company as of December 31, 2007: liabilities, $44,000; equity,

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The following is selected financial information for Amity Company as of December 31, 2007: liabilities,

$44,000; equity, $46,000; assets, $90,000.

Required Prepare the balance sheet for Amity Company as of December 31, 2007.

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