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1. Building 2. Notes Payable 3. Total liabilities and stockholders equity 4. Total stockholders equity 5. Retained Earnings 1. The following financial statement was prepared

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1.

Building

2.

Notes Payable

3.

Total liabilities and stockholders equity

4.

Total stockholders equity

5.

Retained Earnings

1. The following financial statement was prepared by Gibson Corporation's accountant. Gibson Corporation Balance Sheet December 31, 2016 Assets Cash .... Liabilities and Stockholders' Equity Accounts Payable .... .... $ 40,000 Accounts Receivable Inventory.... Building ..................... Total assets... $80,000 35,000 45,000 $ 130,000 $400,000 $150,000 Notes Payable Total liabilities. ............. Capital Stock (5,000 shares @ $10 per share).............. Retained Earnings.... Total stockholders' equity ........... Total liabilities and stockholders' equity.. ........ Based on the above balance sheet for the Gibson Corporation, what are the correct balances for the items listed below

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