Middleton Clinic had total assets of $500,000 and an equity balance of $350,000 at the end of

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Middleton Clinic had total assets of $500,000 and an equity balance of

$350,000 at the end of 2006. One year later, at the end of 2007, the clinic had $575,000 in assets and $380,000 in equity. What was the clinic’s dollar growth in assets during 2007, and how was this growth financed?

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