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1. A firm has the following accounts and financial data for 2020: Sales revenue Accounts receivable Interest expense Total operating expenses Accounts payable Depreciation expense

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1. A firm has the following accounts and financial data for 2020: Sales revenue Accounts receivable Interest expense Total operating expenses Accounts payable Depreciation expense Marketable Securities Accruals Retained earnings $4800 500 150 600 220 400 200 160 1,100 Cost of goods sold Cash Inventories Notes Payable Net Plant and Equipment Dividends paid Taxes Long term debt Common Stock $1800 100 700 240 2,600 100 25% 1,400 980 Create a balance sheet and income statement using the applicable information above

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